“Chattel mortgage non-filing insurance” refers to a type of insurance product purchased by chattel mortgage providers and other financial firms.  ( 18 min )

Finance is the study and management of money, investments, and other instruments. Learn about the basics of public, corporate, and personal finance.  ( 37 min )

An emerging market fund invests the majority of its assets in securities from countries with economies that are considered to be emerging.  ( 20 min )

Basis differential is the difference between the spot price of a commodity to be hedged and the futures price of the contract used.  ( 18 min )

Linda Yaccarino volgt Elon Musk op als hoogste baas van Twitter, een half jaar nadat hij het sociale medium heeft gekocht. Ze is een grote naam in de wereld van de tv-reclame en belichaamt twee dingen waar Musk een hekel aan heeft: reguliere media en reclame.  ( 4 min )

Directeur Klaas Knot van De Nederlandsche Bank waarschuwt voor een loon-prijsspiraal als de lonen te veel doorstijgen. Wat is dit precies?  ( 3 min )

De energietoeslag voor studenten blijft een heikel punt voor gemeenten. Studenten slepen gemeentes voor de rechter, vaak met succes. Wat is er aan de hand en komt er nog een échte oplossing?  ( 5 min )

Kioxia Holdings Corp and Western Digital Corp are speeding up merger talks and nailing down a deal structure, two sources with direct knowledge of the matter said, as a slumping flash memory market puts fresh consolidation pressure on the world's No. 2 and No. 4 players. Japan's Kioxia and U.S. chipmaker Western Digital have been hit hard by plunging market demand and oversupply. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics.  ( 40 min )

Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven't really wanted to do, like letting the largest U.S. bank get even bigger. Take the case of the Federal Deposit Insurance Corp (FDIC), one of the main banking regulators. In a December 2021 statement, Chairman Martin Gruenberg said the sale of some troubled banks to the likes of JPMorgan Chase & Co during the financial crisis of 2008 had arguably "increased long-term financial stability risk."  ( 39 min )

Asian shares were mostly lower Monday, dogged by persisting worries over a possible recession and the risk of a default on the U.S. national debt. U.S. futures and oil prices also fell. This week will bring major updates on the Chinese and Japanese economies.  ( 41 min )

Bitcoin prices rose on Monday morning in Asia to above US$27,000. Ether managed to rise above the US$1,800 support level as Litecoin leads gainers.  ( 39 min )

The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value.  ( 26 min )

(Bloomberg) -- US stock futures declined and the dollar traded in tight ranges versus major peers as investors weighed signs of progress in talks to avert a debt default and persistent inflationary pressure. Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpMuch of the act  ( 40 min )

Oil prices slipped on Monday as concerns about fuel demand at top global oil consumers U.S. and China offset optimism about tightening supplies from any OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 43 cents, or 0.6%, to $73.74 a barrel by 0130 GMT while U.S. West Texas Intermediate crude was at $69.67 a barrel, down 37 cents, or 0.5%. "Oil prices are still under pressure on sluggish demand outlooks as China’s economic reopening progress seems bumpy," CMC Markets analyst Tina Teng said, adding that the U.S. banking rout has also caused market jitters.  ( 39 min )

(Bloomberg) -- Oil held a fourth weekly loss as concerns over the US economy and China’s slower-than-expected recovery weighed on the outlook.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpWest Texas Intermediate futures traded near $70 a barrel after the longest run of  ( 39 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- The risk of a US debt default is greater than it’s ever been, threatening to tip global markets into a brand-new world of pain. For investors, there are few places to hide other than the oldest hedge in the book: gold.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier  ( 41 min )

The statute of frauds is a legal concept that stipulates that certain types of contracts must be executed in writing to be valid.  ( 23 min )

The Wilcoxon test, which refers to either the rank sum test or the signed rank test, is a nonparametric test that compares two paired groups.  ( 19 min )

Learn the values of futures contracts and the initial margin a trader must place in an account to open a futures position as well as maintenance margin.  ( 18 min )

Offering a comprehensive suite of financial services can bring in business, but coordination and customization are key to success and customer retention.  ( 20 min )

Competitive devaluation is a series of currency depreciation that nations resort to in tit-for-tat moves to gain an edge in international export markets.  ( 25 min )

The prime rate is the interest rate that commercial banks charge their most creditworthy customers.  ( 25 min )

Human resources (HR) is the company department charged with finding, screening, recruiting, and training job applicants, as well as administering benefits.  ( 21 min )

The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that determines the direction of monetary policy.  ( 25 min )

EBITA is a measure of a company’s real performance. It can be more informative than bottom-line earnings.  ( 22 min )

Additional insured is a type of status associated with general liability insurance that provides coverage to other individuals/groups not initially named.  ( 24 min )

Bank failure is the closing of an insolvent bank by a federal or state regulator. Learn what causes a bank failure and about examples of bank failures.  ( 23 min )

Bitcoin passed its 10th anniversary in 2018 and reached a record price in 2021. Still, the assessments of the cryptocurrency's impact in the last decade have mostly been negative. Is Bitcoin useless?  ( 22 min )

A target rate is a key interest rate that a central bank targets to guide monetary policy.  ( 22 min )

You can get the maximum credit score by taking steps to reduce your debt and prove you can make payments reliably. Learn how lenders interpret credit scores.  ( 25 min )

Insolvency is a situation in which an individual or company cannot pay off bills and debts. Learn about the insolvency process, how it works, and how to avoid it.  ( 24 min )

Enel Chile, Altus Power, and Genie Energy lead for value, growth, and momentum, respectively  ( 19 min )

Checkout at the grocery store is finally getting a less painful as inflation starts to abate—unless you need baby formula.  ( 16 min )

Owners’ equivalent rent (OER) is the amount of rent that would need to be paid to substitute a currently owned house as a rental property.  ( 20 min )

Find out the companies that made the list of the 10 biggest startups by valuation, according to a recent report published by Recode.  ( 21 min )

Alternative dispute resolution (ADR) is, in an insurance sense, a number of disparate processes used by insurers to resolve claims and contractual disputes.  ( 23 min )

(Bloomberg) -- Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd. So he propped himself up on a pillow to hammer out the latest in a series of memos that would change the course of his business — and perhaps the tech industry.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Chan  ( 43 min )

(Bloomberg) -- Newmont Corp. agreed to buy Newcrest Mining Ltd. in a deal worth about A$28.8 billion ($19.2 billion) including debt, consolidating the US miner’s status as the world’s biggest gold producer.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpNewcrest holders  ( 40 min )

ONEOK Inc agreed to buy Magellan Midstream Partners in a cash and stock deal valued at around $18.8 billion including assumed debt to diversify in the midstream oil and gas industry, the company said on Sunday. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit. The deal is expected to be accretive to earnings per share beginning in 2024, with EPS accretion of 3% to 7% per year from 2025 through 2027, ONEOK said in a statement.  ( 38 min )

The deal would be the largest ever in the gold-mining industry.  ( 26 min )

(Bloomberg) -- Energy infrastructure company Oneok Inc. will buy Magellan Midstream Partners L.P. in a cash-and-stock transaction valued at around $18.8 billion including assumed debt, according to a joint statement.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpEach Ma  ( 39 min )

Weak consumer sentiment is weighing on stocks despite signs that inflation was easing and expectations the Federal Reserve will pause on more interest rate increases when it meets in June.  ( 22 min )

If you’re going to be forever known for one thing, being the ‘man who broke the Bank of England’ is a description many would sign up for. That is how George Soros is regularly introduced, and the story involves how he bet against the British Pound in 1992 and pocketed $1 billion from the trade in a single day. Of course, Soros’ legendary reputation does not rest solely on that headline-grabbing act, and the billionaire investor has had a decades-long career of almost unmatched investing success.  ( 42 min )

In a letter seen by The Wall Street Journal, Republican attorneys general say the bank closed accounts and asked questions before reinstating them.  ( 39 min )

RBC Capital Markets said "in the near term, we believe gold looks like the best hedge in the more immediate offing."  ( 40 min )

Autonomous trucking software developer TuSimple will disappear from the Nasdaq on Monday as it is delisted for financial filings failure. The post TuSimple stock delisted from Nasdaq due to unfiled financial reports appeared first on FreightWaves.  ( 40 min )

First-quarter earnings from Home Depot, Cisco Systems, Take-Two, Target, Walmart, Alibaba, Applied Materials, Ross Stores, and Deere. Plus, retail sales and leading economic index.  ( 23 min )

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The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.  ( 40 min )

Bitcoin high priest and MicroStrategy chair Michael Saylor predicts the number one cryptocurrency “will chop its way up—with volatility—forever.”  ( 40 min )

Bitcoin passed its 10th anniversary in 2018 and reached a record price in 2021. Still, the assessments of the cryptocurrency's impact in the last decade have mostly been negative. Is Bitcoin useless?  ( 22 min )

One upshot to exit packages if you've been laid off: It may be possible to negotiate an even better severance agreement than what is initially offered.  ( 39 min )

It's going to be another busy week for investors as regional banks continue to wobble, the debt ceiling looms and economic data flows. Corporations are also hosting annual meetings.  ( 41 min )

(Bloomberg) -- Tiger Global Management is seeking to offload hundreds of millions of dollars worth of private companies into the secondary market, according to people with knowledge of the matter. Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyTurkey Latest: Polls Close, Count Begins in Knife-Edge ElectionG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West  ( 38 min )

(Bloomberg) -- The fear-driven selloff that’s cut the stock-market values of some banks in half may look like a perfect chance to buy the dips. If only they’d stop falling. Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West Can't Live WithoutBiden Says Debt Talks Move Along as Parties Discuss ChangesAs shares  ( 41 min )

(Bloomberg) -- Argentina is preparing a set of emergency measures, including raising its key interest rates by 600 basis points to 97% on Monday, as inflation spirals out of control in the run up to presidential elections, according to officials at the Economy Ministry and the central bank.Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Ru  ( 38 min )

The FDA’s potential approval of an over-the-counter oral contraceptive could mean a huge market for generic drugmaker Perrigo.  ( 27 min )

Top industrial CEOs are bullish on the economy, telling Yahoo Finance massive investments and reshoring efforts are among the catalysts for a recovery.  ( 40 min )

Even though most market watchers would agree that a recession is looming over the next hill, there are still stocks that ‘tick the right boxes,’ flashing buy-signs for investors. The Smart Score tool from TipRanks is perfect for sorting these choices from the pack. The Smart Score algorithm measures every stock according to a set of key metrics, 8 in all, that include a series of sentiment gauges as well as fundamental and technical factors, all of which are known to correlate with future outper  ( 44 min )

On both sides of the Atlantic, people have recently been acutely worried about how the banking system would cope with higher interest rates.  ( 40 min )

Retail sales and earnings are expected to provide investors more information on the state of the consumer after a six-month low in consumer confidence sent stocks lower on Friday.  ( 42 min )

SmartAsset compares three of the largest investment companies based on usability, trade experience, offerings and cost. Learn more here.  ( 43 min )

Many Americans don't feel financially confident. In fact, a recent study found that you'd need to earn around $128,000 to have financial confidence.  ( 39 min )

It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone. The post Reality of ocean container volume far cry from China reopening hype appeared first on FreightWaves.  ( 43 min )

While no one is immune to financial hardships, new research from financial services firm Edward Jones suggests that perhaps those in the millennial generation are particularly vulnerable. In a survey of financial advisors, 43% of the experts polled said that … Continue reading → The post Edward Jones: Millennials Are the Most Likely to Experience Financial Hardship appeared first on SmartAsset Blog.  ( 38 min )

The longtime barometer of wood prices and building activity is being replaced with a new lumber-futures contract in an effort to boost trading.  ( 27 min )

Over 3 in 5 employers said they gave a “great deal” or “quite a bit of consideration” to job applicants age 50 and older when recruiting in 2022.  ( 41 min )

Enel Chile, Altus Power, and Genie Energy lead for value, growth, and momentum, respectively  ( 21 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

The New York State Common Retirement Fund is third-largest public pension in the U.S.  ( 23 min )

It is hardly a coincidence that the demographic which benefited most from the old system has also expressed the most anxiety about changing it.  ( 42 min )

Larry Cook, 76, wired $ 3.6 million to possible scammers abroad. The bank reported him to adult protective services, but continued wiring his money.  ( 43 min )

Fund managers have the lowest exposure to stocks relative to bonds since 2009.  ( 25 min )

The pandemic led first to a boom, and now a bust, in tax collections.  ( 27 min )

Cadbury needed to be taken over to improve its flagging business, the chief executive of its US owner has claimed.  ( 43 min )

Amazon has made major changes to its logistics operation aiming to reduce travel distance resulting in faster delivery and lower costs.  ( 39 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Kaseya CEO Fred Voccola discusses issues facing the technology sector and shares how his Miami-based company is finding success on 'The Big Money Show.'  ( 38 min )

Personeel in de zorg, het onderwijs en het openbaar bestuur ging vorig jaar het vroegst met pensioen. Wie werkte in de landbouw, visserij en dienstverlening bleef juist het langst doorwerken. Dat blijkt uit cijfers van statistiekbureau CBS.  ( 3 min )

Oliebedrijf Shell doet lang niet genoeg om zich te houden aan de uitspraak in de klimaatzaak die Milieudefensie in 2021 heeft gewonnen. Het bedrijf heeft voor het leeuwendeel van de CO2-uitstoot nog altijd geen goed reductieplan, stelt de milieuorganisatie.  ( 4 min )

Koffiedrinkers stappen door de hoge inflatie steeds vaker over op goedkopere soorten koffie. Daardoor is er meer behoefte aan de robustasoort, die doorgaans goedkoper is dan arabicakoffie. Maar boeren hebben steeds meer moeite die vraag bij te benen.  ( 4 min )

De Europese Unie krijgt nieuwe begrotingsregels. Het idee is dat Brussel minder rigide vraagt om extra bezuinigingen als landen toch al in de problemen zitten. Een hele verbetering, vinden experts, maar het is niet zonder gevaren.  ( 7 min )

Europa krijgt nieuwe begrotingsregels. Het idee is dat Brussel minder rigide vraagt om extra bezuinigingen als landen toch al in de problemen zitten. Een hele verbetering, vinden experts, maar het is niet zonder gevaren.  ( 7 min )

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

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(Bloomberg) -- Treasury traders will be on high alert in the coming week for signs out of Washington on whether the US will careen toward a market-upending default — or will clinch a last-gasp debt deal once again.Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance  ( 40 min )

(Bloomberg) -- Companies are seizing the opportunity to sell more bonds as rates march higher and the economy slows. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaEuropean borrowers raised the most debt in over  ( 40 min )

(Bloomberg) -- Key economic data this week may suggest China’s recovery is doing a lot better than it is in reality.Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaOfficial figures on Tuesday are expected to show  ( 42 min )

The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.  ( 25 min )

(Bloomberg) -- The Federal Reserve is most likely halting its interest-rate hikes in June, but a strong easing cycle isn’t in the cards with inflation remaining above the central bank’s target, according to Elaine Stokes at Loomis Sayles. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of Americ  ( 41 min )

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Crypto enjoyed a short rally after the release of the CPI on Wednesday, but a strengthening dollar pulled prices back down. fs  ( 39 min )

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The head of Revolut’s UK operations accidentally texted a disgruntled customer to say he would be waiting for him “in the garden with my shotgun”, it is claimed.  ( 39 min )

(Bloomberg) -- The debt-ceiling standoff in Congress has the US at risk of being unable to pay its bills as soon as June 1. You’d think stock-market investors would be anxious about the uncertainty — but you’d be wrong.Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West Can't Live WithoutFlorida’s Money Man Thr  ( 40 min )

The US's rivals are trying to unseat the dollar. Some of the biggest names in investing think it's unlikely that they'll succeed.  ( 39 min )

A Tennessee company could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled. The National Highway Traffic Safety Administration is demanding that ARC Automotive Inc. of Knoxville recall 67 million inflators in the U.S. because they could explode and hurl shrapnel. At least two people have been killed in the U.S. and Canada, and seven others have been hurt as a result of defective ARC inflators, the agency said.  ( 39 min )

Though Fink has no imminent plans to retire, he along with President Robert Kapito has been training these candidates for "The Great Race" - to choose the successor - in what Fink calls is the "No. 1 priority", the report said, citing an interview with the CEO. The five contenders are Mark Wiedman, who runs the global commercial business; Chief Operating Officer Rob Goldstein; and Chief Financial Officer Martin Small along with Rachel Lord, head of the Asia Pacific business, and Salim Ramji, the head of ETFs and indexing products, the report said. Fink told the newspaper he hoped to build camaraderie among the five, and not competition, so they will keep working together.  ( 39 min )

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How much AI protection consumers have in this country at the moment depends on where they live.  ( 39 min )

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The best outcome would be for a debt-ceiling deal to be reached before the market starts ringing alarm bells, but that might not be in the cards.  ( 26 min )

Americans are not feeling good about their financial standing when it comes to preparing for retirement. Workers and retirees are nearly as worried about making their retirement money last as they were during The Great Recession, according to a new … Continue reading → The post More Workers Worry They Can't Afford to Retire appeared first on SmartAsset Blog.  ( 39 min )

What are your thoughts on Roth conversions if you are in the highest tax bracket and plan to be there moving forward? -Joel If you ask some financial professionals, the answer to this question might be a resounding no, and … Continue reading → The post Ask an Advisor: I'm in the Highest Tax Bracket and ‘Plan to Be There Moving Forward.' Should I Do a Roth Conversion? appeared first on SmartAsset Blog.  ( 40 min )

While more people are opting into online banking, it's possible that you may still need to write or deposit paper checks from time to time. Depositing paper checks to your own bank account can be as simple as handing them … Continue reading → The post Can I Deposit a Check for Someone Else? appeared first on SmartAsset Blog.  ( 41 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

The recession, inflation and COVID-19 have made a bad situation worse. Financial dependency now has aging parents living with their adult children and their adult children footing the bill for their parent's ill-planned retirement. All while also trying to raise … Continue reading → The post Enablement Could Leave you Permanently Footing the Bill for Your Entire Family appeared first on SmartAsset Blog.  ( 40 min )

According to a recent study by Genworth Financial, the median cost of nursing home care in the United States was $8,910 per month for a private room and $7,800 per month for a semi-private room in 2021. These costs are … Continue reading → The post How to Pay for Nursing Home Care With Social Security appeared first on SmartAsset Blog.  ( 40 min )

If you're buying an investment property, it may make sense to buy it using a limited liability corporation (LLC). While there are certain hurdles you'll have to clear, buying a house with an LLC can have many legal and financial … Continue reading → The post How to Buy a House With an LLC appeared first on SmartAsset Blog.  ( 41 min )

Tufan Erginbilgic has replaced senior management and is renegotiating billions of dollars in contracts. He says there is more work to be done.  ( 23 min )

Even as some key indicators stabilize for midsize lenders, their shares remain under pressure.  ( 26 min )

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(Bloomberg) -- As the US economy teeters on the brink of recession, Wall Street is already enduring what could turn out to be the most prolonged corporate profits downturn in seven years. Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyYellen Says ‘We Have to Default’ on Something If Congress FailsTesla Recalls Virtually Every Car It Has Sold in ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoElon Musk Picks Linda Yaccarino  ( 41 min )

Stand-alone dental insurance often has limits of $1,000 to $2,000 worth of coverage a year, meaning patients still end up paying for most of the costs on expensive procedures.  ( 33 min )

There could be serious economic damage in the U.S. and elsewhere if the debt ceiling fight nears the default deadline.  ( 43 min )

The only person to ever hold the title of BlackRock CEO says he has no imminent plans to retire—but he is grooming several executives who could take the reins.  ( 22 min )

Two months after the failure of Silicon Valley Bank, the lender’s depositors in the Cayman Islands have been left out in the cold.  ( 26 min )

Banks will be forced to run onerous affordability checks on their own mortgage customers as the City regulator hits them with more red tape.  ( 39 min )

Austin Russell is on quite a run. The 28-year-old founder and CEO of Luminar, which develops vision-based lidar and machine perception technologies primarily for self-driving cars, told The Wall Street Journal earlier today that he is buying an 82% stake in Forbes Global Media Holdings in a deal that values the company at nearly $800 million. According to the WSJ, Russell's stake includes the remaining portion of the company owned by its namesake family, which sold 95% of the company to the Hong Kong-based investor group Integrated Whale Media back in 2014.  ( 40 min )

The dispute comes at a time when ByteDance-owned app TikTok faces growing calls for a nationwide ban from some U.S. lawmakers regarding concerns about potential Chinese government influence over it. Yintao "Roger" Yu said in a complaint filed on Friday in San Francisco state court that the Chinese tech company engaged in a "worldwide scheme to steal and profit from the content of others" without seeking permission. When Yu raised these concerns to higher management, he said they dismissed them and asked him to hide the illegal program, especially from employees in the United States, as it had stricter IP laws and class actions.  ( 38 min )

The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators will likely be open to such mergers, Treasury Secretary Janet Yellen said on Saturday. Yellen told Reuters she was not seeing evidence of pressure on smaller community banks, which had a large percentage of insured deposits. However, she said a certain degree of consolidation in the regional and midsize banking sector could occur.  ( 38 min )

(Bloomberg) -- A former executive at TikTok parent ByteDance Inc. who was fired in 2018 said in a lawsuit that the Chinese Communist Party had a special office within the company that gave it “supreme access” to all data, a backdoor channel that he said persisted even after US user data was walled off from individual engineers in China.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsThis New Airline Is Raising the Bar, From First Class to EconomyFlorida’s M  ( 40 min )

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The Federal Reserve is "on track" to doing what is necessary to meet the two mandates Congress has given it, Fed Governor Philip Jefferson said on Friday: bring inflation down and enable Americans who want jobs to get them. The Fed has raised its benchmark interest rate five full percentage points over the past 14 months. Inflation by the Fed's preferred measure has eased from 7% last summer to 4.2%, and unemployment has fallen to 3.4%, the lowest since 1969.  ( 38 min )

After plunging, its shares look attractive. The company is drawing crowds with its plush, high-tech driving ranges.  ( 22 min )

A Treasury bill (T-Bill) is a short-term debt obligation issued by the U.S. Treasury and backed by the U.S. government with a maturity of less than one year.  ( 28 min )

Household income, as defined by the Census Bureau, is the total gross income of all people occupying the same housing unit who are 15 years and older.  ( 23 min )

The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.  ( 25 min )

The French franc (F) was the national currency of France prior to France's adoption of the euro (EUR) in January 2002. It was first used in 1390. Learn more.  ( 21 min )

Big Blue is a long-standing nickname for the IBM corporation, a global technology company based in the US.  ( 20 min )

While LeBron James earned most of his money through basketball, partnerships with Nike, PepsiCo, and Walmart, as well as real estate investments, have helped jump-start his earnings  ( 20 min )

Compass shares gained 47% for the week as the company said it expanded national market share and would be free cash-flow positive starting in the second quarter  ( 16 min )

De aangekondigde spoorstaking van 50 uur die zondagavond in Duitsland zou ingaan, is afgewend. Dat komt doordat het spoorbedrijf Deutsche Bahn en de spoorvakbond EVG een akkoord hebben bereikt in het arbeidsconflict tussen de twee partijen.  ( 3 min )

Bij dalende energieprijzen is het verleidelijk om op nog goedkopere energie te wachten, maar het kan handiger zijn om nu een vast jaarcontract te sluiten. Vooral omdat consumenten vanaf 1 juni bij nieuw afgesloten contracten veel hogere opzegboetes moeten betalen als ze tussentijds van het contract af willen. Je kunt ook wachten op een meerjarencontract dat nu nog niet wordt aangeboden.  ( 7 min )

Bij dalende energieprijzen is het verleidelijk om op nog goedkopere energie te wachten, maar het kan handiger zijn om nu een vast jaarcontract te sluiten. Vooral omdat consumenten vanaf 1 juni bij nieuw afgesloten contracten veel hogere opzegboetes moeten betalen als ze tussentijds van het contract af willen. Je kunt ook wachten op een meerjarencontract dat nu nog niet wordt aangeboden.  ( 6 min )

Ongeveer de helft van alle nieuwe auto's die in Nederland worden verkocht, zijn SUV's. Gemiddeld rijden Nederlanders in steeds grotere auto's. Dat leidt tot extra gebruik van energie en grondstoffen, waardoor de klimaatdoelen lastiger haalbaar worden. Ook voor de verkeersveiligheid pakken de grotere wagens slecht uit.  ( 4 min )

Vakbonden zetten de onderhandelingen op scherp om meer aandacht te krijgen voor hun zaak: compensatie van het koopkrachtverlies van werknemers. Maar het blijft vaak bij dreigen, want er zijn de laatste tijd veel cao's afgesloten. Van een stakingsgolf is geen sprake.  ( 5 min )

A former executive fired from TikTok’s parent company ByteDance made a raft of accusations against the tech giant Friday, including that it stole content from competitors like Instagram and Snapchat, and served as a “propaganda tool” for the Chinese government by suppressing or promoting content favorable to the country’s interests. The allegations were made in a complaint Friday by Yintao Yu, the head of engineering for ByteDance’s U.S. operations from August 2017 to November 2018, as part of a wrongful termination lawsuit filed earlier this month in San Francisco Superior Court. Yu claims he was fired for disclosing “wrongful conduct” he saw at the company.  ( 38 min )

Sentiment readings sink amid high interest rates, debt-ceiling crisis, and inflation worries. Good news on jobs can’t dispel the gloom.  ( 22 min )

JPMorgan Chase & Co on Friday asked a federal judge to deny class-action status to more than 100 women who said the bank helped enable the late financier Jeffrey Epstein to sexually abuse them. In a filing in Manhattan federal court, the largest U.S. bank said Epstein's accusers had too many differences to sue under an "oversimplified" theory that it was liable to all of them by having provided Epstein with banking services. JPMorgan said allowing a class action "skips over" how Epstein's conduct "varied from victim to victim, and across time," and that the bank's knowledge at the time and provision of banking services similarly varied.  ( 39 min )

(Bloomberg) -- Austin Russell, a 28-year-old automotive technology tycoon, acquired an 82% stake in Forbes Global Media Holdings, parent of the well-known business magazine.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoThis New Airline Is Raising the Bar, From First Class to EconomyElon Musk Picks Linda Yaccarino as Next Twitter CEOTesla Recalls Virtually Every Car It Has Sold in C  ( 38 min )

The personal information of 237,000 current and former federal government employees has been exposed in a data breach at the U.S. Transportation Department (USDOT), sources briefed on the matter said on Friday. It was not clear if any of the personal information had been used for criminal purposes. USDOT said in a statement to Reuters that the breach did not affect any transportation safety systems.  ( 37 min )

If history is a guide, long-term investors should hang tight or lean into big caps, defensive plays, or tech. On the shorter, more speculative end, short-term Treasuries could see a pop in yields around June 1.  ( 22 min )

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Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first quarter, and added Netflix Inc shares, filings released Friday showed. Soros purchased shares of Tesla and electric truck startup Rivian in 2022 and bought $35 million of Tesla convertible bonds in 2018.  ( 39 min )

A Delaware judge has ruled in favor of Oracle founder Larry Ellison in a shareholder lawsuit alleging that he coerced the technology company’s board into paying a grossly inflated price to acquire software company NetSuite Corp. in 2016. Vice Chancellor Samuel Glasscock III on Friday rejected the plaintiffs’ allegation that Oracle’s acquisition was not entitled to the deference traditionally shown corporate decision-makers under Delaware’s “business judgment” rule. The shareholders argued that the $9.3 billion deal should be subjected to a more rigorous “entire fairness” review because Ellison was both a controlling shareholder of Oracle at the time and owned almost 40% of shares in NetSuite, which he cofounded in 1998.  ( 39 min )

Here are seven major companies whose stocks moved on the week’s news.  ( 26 min )

The deal struck by 28-year-old Austin Russell values the business publication at close to $800 million.  ( 28 min )

(Bloomberg) -- George Soros’s investment firm cut holdings in electric-vehicle makers, slashing a stake in Rivian Automotive Inc. after a 90% share decline and eliminating an investment in Tesla Inc.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually  ( 39 min )

The automotive tech billionaire has agreed to acquire 82% of Forbes, which includes the remaining portion of the company owned by the Forbes family, the joint statement to Reuters said. Russell will not be involved in the day-to-day operations of the company, the statement said, adding that capital for the acquisition is independent of his stake in Luminar.  ( 39 min )

QVT Financial disclosed a large stake in rare-earths miner MP Materials. Hestia Capital won four seats on the board of shipping-services firm Pitney Bowes.  ( 22 min )

Elon Musk is taking a reduced role at Twitter after naming a CEO. Now investors are worried he might do the same at Tesla.  ( 23 min )

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Nippon Express has signed a deal with Austria’s Cargo-Partner that expands its geographic reach and logistics service capabilities. The post Nippon Express buys European logistics firm Cargo-Partner appeared first on FreightWaves.  ( 38 min )

The S&P 500 currently sits 14% below the all-time high of 4,793, which was reached at the end of 2021. However, if a Bank of America prediction is about to play out, new highs will be attained early next year. BofA’s technical research strategist, Stephen Suttmeier, points to specific bullish indicators indicating that the S&P 500 could climb to 4,900 by next March. This represents a potential uptick of 18.5% from current levels. The signals Suttmeier is referring to revolve around breadth, or t  ( 42 min )

(Bloomberg) -- America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at the highest rate in more than a century. Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It Has Sold in ChinaProducer  ( 39 min )

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Carl Icahn’s publicly traded firm finds itself the subject of short seller Hindenburg Research. It's just the latest activist-vs-activist battle.  ( 22 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Big Tech stocks like Apple and Tesla are lifting the major indexes. Small-caps are suffering, but look cheap.  ( 23 min )

(Bloomberg) -- Canada’s main oil-producing region in northeastern Alberta faces an increased risk of wildfires as temperatures rise over the weekend, provincial officials said. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America,  ( 40 min )

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Airbnb Inc.‘s initial public offering (IPO) on Dec. 10, 2020, had the hotel industry bracing for impact as the online marketplace shattered records and claimed its position as one of the most valuable IPOs in history. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The hospitality industry could only watch in awe as the sharing economy giant’s market value soared. Shares in the company opened at $144.71 on the N  ( 40 min )

The Google CEO thinks A.I. could have a massive impact on the labor market—he also thinks A.I. is the most "profound" thing that humanity is working on.  ( 40 min )

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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.  ( 22 min )

"We are short units of Icahn Enterprises and have initiated a short position in IEP bonds," Hindenburg announced on Thursday.  ( 39 min )

Accounting majors in the class of 2023, the first to enter a postpandemic professional world, will find no shortage of demand for their services as the industry grapples with a scarcity of candidates. They will, however, find starting salaries to be relatively low compared with other possible professions and an evolving workplace experience.  ( 28 min )

There is a lot of hype around the potential of AI these days. Fueled by the rise of ChatGPT and the subsequent race for AI supremacy, all the Big Tech gang are looking to get a piece of the action. There’s no danger of the opportunity being overhyped, according to Rosenblatt analyst Hans Mosesmann. In fact, the 5-star analyst knows exactly which company is best positioned to benefit the most from this huge development. “We see Nvidia (NASDAQ:NVDA) driving the biggest technology inflection the wo  ( 39 min )

With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.  ( 20 min )

Weeks ago, Icahn's arch rival Bill Ackman commented on the irony of an activist being pursued by an active campaign.  ( 41 min )

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Since consumers are already feeling gloomy about the economy, the fallout from a debt default could be even worse, according Surveys of Consumers director Joanne Hsu.  ( 41 min )

(Bloomberg) -- The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It Has Sold in ChinaYellen Says ‘We Have to Default’ on Something If Congress FailsRi  ( 39 min )

Insider's Phil Rosen looks into the Wall Street mogul's latest comments on the economy and looming debt default.  ( 40 min )

Truist Securities analyst Andrew Jeffrey initiated coverage of SoFi Technologies stock with a Buy rating and $8 price target in a Friday report.  ( 22 min )

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Elon Musk is welcoming a veteran ad executive to the helm of Twitter, the social media site the billionaire Tesla CEO had been running since he bought it last fall. Musk announced Friday that he's hiring Linda Yaccarino to be the new CEO of San Francisco-based Twitter, which is now called X Corp. He said Yaccarino's role will be focused mainly on running the company's business operations, leaving him to focus on product design and new technology. Yaccarino, 60, has worked as an advertising executive for decades.  ( 39 min )

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Vietnamese electric car maker VinFast will list in the U.S. by merging with a SPAC—Black Spade Acquisition Co.—to expands its U.S. footprint to meet growing EV demand  ( 18 min )

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Charlie Munger, the 99-year-old billionaire and vice chairman of Berkshire Hathaway Inc., is not one to hold back his opinions. In the last couple of years, he has taken aim at Bitcoin, labeled stock brokerages as “gambling parlors,” and compared meme stock traders to heroin addicts. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families And in a recent interview with the Financial Times, he did not shy away from criti  ( 40 min )

Stocks were lower on Friday afternoon as all three major indexes were on pace to log losses for the week.  ( 38 min )

Robinhood co-founder and CEO Vlad Tenev looks to re-chart the company's future.  ( 40 min )

Yaccarino's appointment comes as the platform has been in turmoil, with mass resignations and some companies pausing advertising, since the Musk acquisition in October.  ( 40 min )

According to Refinitiv Lipper, U.S. equity funds faced outflows worth $5.7 billion, which was their seventh consecutive week of outflows. Investors were looking for an update on plans for raising the U.S. debt ceiling during the week, and worries of a potential government default as early as June 1 loom over Washington, if Congress does not act to resolve the deadlock. A meeting between U.S. President Joe Biden and top lawmakers that had been scheduled for Friday has been postponed to early next week, with the IMF warning that a U.S. default would have "serious repercussions" for the U.S. economy.  ( 37 min )

This week, we've put together a list of 2.75+ scored stocks that also pay dividends with upwards of a 2.5% yield and which have been upping their payout for 10+ years. Pharmaceutical behemoth Pfizer (NYSE:PFE) is a household name, but did you know it’s also a dividend powerhouse? The company’s payout stands at a fantastic 4.3%, and it has raised its dividend annually for the last dozen years in a row.  ( 40 min )

Carl Icahn’s publicly traded firm finds itself the subject of short seller Hindenburg Research. It's just the latest activist-vs-activist battle.  ( 22 min )

Polestar is the latest EV start-up to reduce production guidance for 2023.  ( 23 min )

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Consumers are spending more modestly on home improvement, and that is weighing on the stock price of Home Depot and Lowe's.  ( 23 min )

NBCU earlier announced she was leaving, effective immediately.  ( 27 min )

SVB's collapse has highlighted the risk of banks losing deposits, a concern for Schwab as higher rates give customers reason to move their money elsewhere.  ( 22 min )

An oil market slightly oversupplied will soon be undersupplied, says one strategist.  ( 39 min )

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Stocks forfeited early gains on Friday as the Nasdaq looks to finish the week in green figures while the Dow and S&P 500 are set to lose ground this week.  ( 38 min )

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Europe has come a long way from the frenzied stockpiling driving up natural gas prices a year ago. As of May 9, Europe’s gas storage was full to 62%, and at the current pace of refilling, storage is expected to hit its capacity of about 1,138 terawatt-hours (TWh) by late August, according to estimates by Morgan Stanley. And it is driving down gas prices.  ( 39 min )

Researchers discovered that three personality traits were correlated with certain investment behaviors, including who is more likely to invest in stocks, who’s more likely to avoid them, and who’s more likely to follow a meme-stock or crypto-type trend.  ( 41 min )

Hospital Tenants of Medical Properties Trust Hire Advisers for Refinancings  ( 26 min )

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The Euro initially tried to rally a bit during the trading week but then broke down to plunge below the 1.09 level.  ( 39 min )

Linda Yaccarino, head of global advertising and partnerships at NBCUniversal, was reported to be in talks over the Twitter CEO role.  ( 23 min )

The transaction will bolster First Solar's technological position in thin film photovoltaics, the company says.  ( 22 min )

Elon Musk announced that he has found a new CEO for Twitter. Wall Street is betting that will give him more time to focus on Tesla, whose stock has lost nearly half its value since Musk first bid for the social media company.  ( 39 min )

Stocks opened higher to kick off Friday's trading session as the Nasdaq looks to add to gains and the Dow tries to pare losses suffered this week.  ( 38 min )

By now, the Federal Reserve’s switch to monetary tightening, and higher interest rates to fight inflation, is old news. However, the latest update on inflation, released earlier this week, showed an annualized CPI rate of 4.9% for April, which indicated a month-over-month decline and marked the lowest level in two years. This is a welcome improvement from the 9% peak inflation hit last June. The cool-off in annualized inflation, and broad expectations that the Fed will use this data to justify p  ( 42 min )

There are plenty of ways to minimize your tax liability and that’s especially true when you have worked hard to sock away retirement money. Tax advisors are constantly searching for new ways to avoid paying taxes on IRA withdrawals. There … Continue reading → The post How Can I Avoid Paying Taxes on IRA Withdrawals? appeared first on SmartAsset Blog.  ( 41 min )

If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A spouse or other family member who inherits a house generally … Continue reading → The post What Happens to Your Mortgage When You Die? appeared first on SmartAsset Blog.  ( 41 min )

If you have $3 million to invest, you can safely and reliably earn anywhere from $3,000 to much as $82,500 a year in interest. If you are ready take more risk, you may earn more. But risk also means the … Continue reading → The post How Much Interest Does $3 Million Earn Per Year? appeared first on SmartAsset Blog.  ( 40 min )

An IRA (and its corollary, the Roth IRA) is a form of tax-advantaged retirement account that lets you save money during your working years so you can withdraw it during retirement. There is no age limit to contributing to an … Continue reading → The post Can You Contribute to an IRA After Retirement? appeared first on SmartAsset Blog.  ( 40 min )

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Can I retire at 55? If you're interested in early retirement, it helps to understand the unique financial planning challenges involved.  ( 42 min )

You can probably retire in financial comfort at age 45 if you have $3 million in savings. Although it's much younger than most people retire, that much money can likely generate adequate income for as long as you live. Very … Continue reading → The post Can I Retire at 45 With $3 Million? appeared first on SmartAsset Blog.  ( 40 min )

McDonald’s and a franchise holder are at fault after a hot Chicken McNugget from a Happy Meal fell on a little girl's leg and caused second-degree burns, a jury in South Florida has found. A second jury will determine how much McDonald's USA and its franchise owner, Upchurch Foods, will pay the child and her mother, the South Florida SunSentinel reported. Thursday's decision was split, with jurors finding the franchise holder liable for negligence and failure to warn customers about the risk of hot food, and McDonald’s USA liable for failing to provide instructions for safe handling of the food.  ( 39 min )

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The EV company raised the U.S. prices for its Model S and X vehicles by $1,000 and the prices of its Model Y by $250.  ( 22 min )

This should be a wake-up call to the many companies trying to push for a return to the dated office dynamics.  ( 40 min )

Investors in some of China’s biggest technology companies have had a rough year, but they got some good news at the end of this week. The Hong Kong-listed shares of e-commerce giant JD.com closed up 7.3% on Friday, following a similar gain in the company's American depositary shares the day before.  ( 19 min )

Tesla shares rise after CEO Elon Musk says he has found a new CEO for Twitter, the social media platform for which he also serves as chief executive. Disney edges higher after a sharp slump Thursday, while Amazon and Netflix extend winning streaks.  ( 22 min )

The U.S. Treasury warns that it might exhaust its ability to borrow money as early as June 1 if Congress does not raise the debt ceiling.  ( 39 min )

(Bloomberg) -- Top corn importer China could cancel more purchases of the grain from the US because the country can buy more cheaply from Brazil and as some local producers of hog feed replace corn with wheat in their rations.Most Read from BloombergNBCUniversal’s Yaccarino in Talks to Run Twitter, WSJ SaysKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoJamie Dimon Says US Needs to 'Finish' the Bank Crisis  ( 40 min )

(Bloomberg) -- A prolonged period of economic decline in the US will roil technology stocks at a time when they are attracting a weight of investor money, according to Bank of America Corp. strategists.Most Read from BloombergNBCUniversal’s Yaccarino in Talks to Run Twitter, WSJ SaysKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rally as  ( 39 min )

Rayna Lesser Hannaway, a small-cap manager at Polen Capital, looks for durable growth companies early in their lifecycle.  ( 23 min )

Monogram Orthopedics is a trailblazer in the development of personalized, 3D-printed orthopedic implants facilitated by robotics and cutting-edge pre-operative imaging. The company has seen incredible success over the years currently holding the record for the third-largest raise on popular equity crowdfunding site, StartEngine. As part of that raise, over 14,000 retail investors invested over $23.7 million into the company. Following this, the company raised a Series C through a white-label ser  ( 39 min )

"This geopolitical turmoil is not going away. This is a slow-moving secular support for gold," Bridgewater's Co-CIO said.  ( 39 min )

Bitcoin prices slid under US$27,000 on Friday morning in Asia. Ether fell below support at US$1,800 as all top 10 non-stablecoin tokens retreated.  ( 39 min )

(Bloomberg) -- Masayoshi Son is now personally on the hook for about $5.2 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, after the Vision Fund venture capital arm capped a year of record losses. Most Read from BloombergElon Musk Says He’s Stepping Down as Twitter’s CEOJamie Dimon Says US Needs to 'Finish' the Bank CrisisKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoTur  ( 40 min )

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(Bloomberg) -- A former Chicago commodities trader was arrested and charged with fraud for lying to clients about everything from a non-existent collection of 122 luxury cars to phony returns that exceeded 200%. Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisElon Musk Says He’s Stepping Down as Twitter’s CEOKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTurkey Markets Rally as Candidate Withdraws Days Before VoteFlorida’s Money Man Threatens to Cut  ( 38 min )

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U.S. Treasury yields will rise significantly over the coming month, according to analysts polled by Reuters who were split over whether the risk of a U.S. default was higher or the same as prior stand-offs over the debt ceiling. President Joe Biden and top lawmakers in Congress have about three weeks to strike a deal over raising the $31.4 trillion U.S. debt limit, which has sharply increased volatility in bond markets. Half of the 28 respondents in the May 5-11 Reuters poll said the risk of a default was higher this time compared to prior episodes of debt ceiling brinkmanship.  ( 39 min )

Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: insiders may sell shares for a range of reasons, but they only buy shares when they believe the price is going to rise. Keeping a close watch on insiders’ stock purchases can prove to be a profitable investment strategy. Corporate insiders, which include company officers and board members, possess valuable knowledge about company policies and performance  ( 43 min )

Cash value life insurance is permanent life insurance with a cash value savings component. Learn more about what cash value life insurance is and how it works.  ( 25 min )

International students studying in the U.S. can establish credit history and get a locally issued credit card. Learn about the best credit cards for international students.  ( 23 min )

The Australian Bureau of Statistics (ABS) is the country of Australia's independent national statistical office.  ( 20 min )

U.S. equities ended the week with a losing session on Friday, May 12, 2023 as a report showed consumer sentiment sank.  ( 16 min )

See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.  ( 19 min )

Nike, JP Morgan and Boeing led the Dow lower, while IBM kept riding the AI wave  ( 16 min )

An Iron Condor is an options strategy that allows traders to profit in a non-directional market.  ( 21 min )

Employers' liability insurance covers businesses against claims by employees who have suffered a job-related injury or illness, or who file lawsuits.  ( 24 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

The median down payment was still 72% higher in the first quarter of 2023 than it was in the pre-pandemic first quarter of 2020.  ( 17 min )

Refinancing Parent PLUS loans can help you save money and reduce your monthly payments. Learn how to refinance your Parent PLUS loan.  ( 21 min )

First Solar shares jumped over 25% after the maker of solar panels bought Swedish solar thin film manufacturer Evolar for up to $80 million.  ( 16 min )

President Biden nominated Fed Governor Philip Jefferson to be the Fed vice chair, replacing Lael Brainard.  ( 16 min )

With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.  ( 20 min )

See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.  ( 17 min )

The State Street Investor Confidence Index measures institutional investor confidence. It is derived from looking at the risk taken by institutional investors.  ( 20 min )

Vietnamese electric car maker VinFast will list in the U.S. by merging with a SPAC—Black Spade Acquisition Co.—to expands its U.S. footprint to meet growing EV demand  ( 17 min )

KZT is an abbreviation for the Kazakhstan tenge (KZT), the currency of Kazakhstan.  ( 18 min )

Consumer sentiment plunged this month as Americans became more concerned about the health of the economy.  ( 15 min )

The savings rate is the percentage of money taken from personal income and saved.  ( 22 min )

Light & Wonder, PENN Entertainment, and Luckin Coffee are the top consumer discretionary stocks for best value, fastest growth, and most momentum, respectively.  ( 21 min )

Many of these banks have a Main Street presence, but their private banking divisions cater to their wealthiest customers.  ( 25 min )

The International Petroleum Exchange (IPE) was a London-based exchange for futures and options on several energy-related commodities.  ( 20 min )

Elon Musk said he picked a Twitter CEO, a move that could allow him to focus more on Tesla, which on Friday was forced to recall more than 1.1 million vehicles in China.  ( 19 min )

Averages for every fixed-rate mortgage type dropped for a second day, with the 15-year average giving up almost a quarter point to sink to a four-week low.  ( 19 min )

Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.  ( 30 min )

Although the DJIA only includes 30 stocks, it can tell you a lot about the market as a whole.  ( 25 min )

The Dow 30 is a stock index comprised of 30 large, publicly-traded U.S. companies that acts as a barometer of the U.S. stock market and economy.  ( 24 min )

Some of the top Indian CEOs are heading major corporations in the financial services and tech sectors. Learn who they are and how they're leading the charge in their respective industries.  ( 25 min )

Both the Chicago Board Of Trade (CBOT) and Chicago Mercantile Exchange (CME) are futures exchanges, but how do these exchanges differ from each other?  ( 22 min )

Here is a look at the top five oil-producing countries, which are responsible for more than half of the world’s total output.  ( 23 min )

Accidental death and dismemberment (AD&D) insurance covers the accidental death or the accidental loss of a limb. Learn how it works.  ( 27 min )

Tesla shares move higher on news of a new Twitter CEO and a meeting on the debt ceiling is postponed. Here’s what investors need to know today.  ( 18 min )

Recent troubles in the banking system could very well lead to a “full-blown financial crisis” on par with the Great Financial Crisis, business leaders say.  ( 16 min )

Wealthfront and Vanguard Personal Advisor Services are both great robo-advisors. But Wealthfront is the better option, in most cases, unless you are a sophisticated investor.  ( 24 min )

With A. P. Møller-Mærsk leading the pack, these are the 10 biggest shipping companies by 12-month trailing revenue.  ( 19 min )

Philanthropy and charitable giving are important to many clients, though philanthropic vehicles are logistically complex.  ( 25 min )

The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies  ( 21 min )

U.S. equities ended the week with a losing session on Friday, May 12, 2023 as a report showed consumer sentiment sank.  ( 1 min )

Tesla shares move higher on news of a new Twitter CEO and a meeting on the debt ceiling is postponed. Here’s what investors need to know today.  ( 1 min )

First Solar shares jumped over 25% after the maker of solar panels bought Swedish solar thin film manufacturer Evolar for up to $80 million.  ( 1 min )

Linda Yaccarino wordt de nieuwe baas van Twitter, heeft Elon Musk vrijdag aangekondigd. Yaccarino is groot geworden in de wereld van de tv-reclame en werkte hiervoor bij mediabedrijf NBC Universal. Samen met haar gaat Musk werken aan "X , de alles-app".  ( 4 min )

Vier op de tien woningcorporaties leggen huurders met een hoger (midden)inkomen een extra huurverhoging op. blijkt uit een rondgang van de Woonbond. Volgens de vereniging komen sommige huurders door de hogere woonlasten maar lastig rond.  ( 4 min )

De problemen waardoor ING-klanten vrijdagmiddag niet konden inloggen, zijn inmiddels verholpen. Ze kunnen nu weer bij Mijn ING inloggen en geld overmaken.  ( 3 min )

De levering en plaatsing van zonnepanelen zorgen voor steeds meer juridische conflicten. Malafide bedrijven maken misbruik van de grote vraag, maar leveren zelden goed werk af. Zo worden bepaalde onderdelen niet geleverd en ontstaat er schade aan daken, met lekkages tot gevolg.  ( 4 min )

De waarde van de grootste cryptomunt bitcoin zakte vrijdagochtend naar zo'n 26.200 dollar (iets meer dan 24.000 euro). Het is de laagste koers sinds 17 maart.  ( 3 min )

Het is voor de zoveelste keer in een paar maanden mis bij ING. Klanten melden problemen met de app, waardoor ze niet kunnen inloggen of geld kunnen overmaken. De bank erkent dat er problemen zijn.  ( 3 min )

Bard, de ChatGPT-concurrent van Google, komt voorlopig nog niet naar Europa. Deze week kondigde het bedrijf aan dat Bard in 180 landen beschikbaar zal komen, maar daar zaten nog geen Europese landen bij. Op termijn brengt Google Bard wel uit in Europa, belooft topman Sundar Pichai.  ( 3 min )

Het toezicht op de honderd grootste Europese banken is niet goed genoeg. De Europese Centrale Bank neemt niet snel genoeg beslissingen, is niet consequent en is te soepel voor banken die te veel risico nemen, vindt de Europese Rekenkamer.  ( 4 min )

Wie dit jaar binnen Europa op vakantie gaat, zal niet ontkomen aan stijgende voedselprijzen. Inflatie raakt ook onze favoriete vakantiebestemmingen. Maar wie strategisch tankt en koffie drinkt, kan toch nog wat besparen op vakantie.  ( 6 min )

Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. Samen bezoeken ze het landgoed De Wielewaal en duiken ze in het privéarchief van de familie. Dit is de eerste aflevering en de komende weken zie je iedere donderdag om 17.00 uur een nieuwe aflevering op NU.nl.  ( 3 min )

Philips heeft een schikking van 62 miljoen dollar (57 miljoen euro) getroffen met Amerikaanse autoriteiten vanwege vermeende corruptie in China. Het concern, dat zich tegenwoordig vooral richt op medische technologie, zou bijvoorbeeld ziekenhuismanagers hebben beïnvloed om te kiezen voor Philips-apparatuur.  ( 3 min )

In de eerste vier maanden van dit jaar gingen in totaal 955 bedrijven op de fles. Dat is ruim anderhalf keer zoveel als in dezelfde periode vorig jaar. Dat blijkt uit cijfers van statistiekbureau CBS.  ( 3 min )

Wie dit jaar binnen Europa op vakantie gaat, zal niet ontkomen aan stijgende voedselprijzen. Inflatie raakt ook onze favoriete vakantiebestemmingen. Maar wie strategisch tankt en koffie drinkt, kan toch nog wat besparen op vakantie.  ( 5 min )

Overall, TD Ameritrade is the better option. However, buy-and-hold investors who value simplicity over bells and whistles may still prefer Vanguard despite limitations.  ( 23 min )

ACH and wire transfers are two ways to send money electronically. Here’s how they work and how to decide which is better for your purposes.  ( 27 min )

Comprehensive and collision auto insurance provides coverage for physical damage to your vehicle, but they work in different ways. Learn how they compare.  ( 25 min )

Auto loans from credit unions can offer lower interest rates than from banks or dealerships, but may be less convenient to apply for. Learn about the pros and cons.  ( 22 min )

Framing effect proposes that individuals make decisions, including about investing, based on how an issue is presented, or “framed,” rather than on the facts conveyed.  ( 25 min )

Disney drags Dow down more than 200 points, while consumer staples stocks Coca-Cola and Walmart move higher.  ( 16 min )

Markets finished mixed on Thursday, May 11, 2023, as Disney streaming subscribers and PacWest deposits fell, sending their shares tumbling.  ( 16 min )

Peloton shares fell close to 9% on Thursday after recalling 2.2 million bikes because of a faulty seat assembly.  ( 16 min )

Applying for a car loan likely will lower your credit score, but making on-time payments over the life of the loan will actually boost your credit score in the long term.  ( 23 min )

If you're in an accident, you'll need to take a number of steps to file an insurance claim. Find out how to file and what to do if you're not happy with the results.  ( 25 min )

Another facet of pre-pandemic life is making its long-awaited, and for many, dreaded, comeback: the process for restarting student loan payments will begin by the end of June, a top Biden Administration official said.  ( 16 min )

Once you’ve made the final payment on your loan, you can get the title from your lender, and become the full owner of your car. Learn how the process works.  ( 23 min )

More Americans chose real estate over stocks, gold, savings accounts, CDs, or bonds when asked what they believed was the best long-term investment, according to a Gallup poll.  ( 16 min )

Making a retirement plan usually shouldn’t be a do-it-yourself project unless you have expert knowledge and experience. Here is how to get help.  ( 24 min )

After climbing for four days, mortgage rates took a notable turn downward with the 30-year average easing after almost returning to 7% territory.  ( 19 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

With Industrias Penoles leading the pack, these are the 10 biggest silver mining companies by 12-month trailing revenue.  ( 19 min )

The standard deviation is a statistic measuring the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.  ( 26 min )

The now-defunct noon rate was the Canadian Dollar-U.S. Dollar exchange rate based on trading at noon and published each day by the Bank of Canada.  ( 19 min )

What happened to all the money that lower-income households saved up during the pandemic? The answer, surprisingly, may be that much of it still hasn’t been spent.  ( 17 min )

Only one-third of small businesses offer employee retirement plans, providing an opportunity for those that do to lure top-notch job candidates in a tight labor market.  ( 17 min )

Mother's Day greeting cards and jewelry will cost nearly 10% more this year, thanks to inflation. Shoppers can also expect price increases for flowers and cosmetics.  ( 16 min )

Robinhood Markets (HOOD) shares are advancing as the online retail brokerage reported better-than-expected financial results, and said it's expanding services including enabling 24-hour trading.  ( 17 min )

Marfrig Global Foods, Cal-Maine Foods, and e.l.f. beauty are top for value, growth, and momentum, respectively.  ( 20 min )

Wholesale prices rose less than expected last month, the second straight report this week suggesting inflation is moderating.  ( 17 min )

Wondering How to Become an Independent Finacial Advisor? Here are some things to consider.  ( 26 min )

China’s rapid economic development has produced some truly inspiring CEOs over the past decade, and Chinese companies are now some of the biggest in the world. Here are some of the most successful CEOs in China.  ( 21 min )

PacWest shares fell more than 25% after the struggling regional bank reported deposit outflows of 9.5% last week, reigniting concerns about the health of the bank.  ( 16 min )

Applying for a car loan likely will lower your credit score, but making on-time payments over the life of the loan will actually boost your credit score in the long term.  ( 23 min )

There are options to get your car back after title loan repossession. These include paying off the loan, reviving the existing loan, or buying the car at auction.  ( 23 min )

The Bank of England raised interest rates in the U.K. to their highest level in 15 years Thursday as the central bank tries to bring some of Western Europe’s stickiest inflation to bear.  ( 18 min )

The FDIC voted 3-2 in favor of a "special assessment" to replenish its deposit insurance fund after the collapse of Silicon Valley Bank and Signature Bank in March.  ( 19 min )

Facebook (Meta) had one of the largest and most anticipated IPOs in history on May 18, 2012, but it failed to meet expectations. A NASDAQ glitch cost investors.  ( 22 min )

Auto insurance provides a range of coverage, depending on what type of insurance you have. Standard insurance covers costs of property damage or injuries to others.  ( 23 min )

Full coverage car insurance is auto insurance that includes liability, collision, and comprehensive policies. Learn more about what full coverage car insurance entails.  ( 22 min )

Biggest movers include Prometheus, Arcellx, and Madrigal, all more than quadrupling in price in the last year while the Russell 2000 Index is nearly unchanged.  ( 21 min )

Finding the right match can make a large impact in your financial future.  ( 23 min )

SEC Commissioner Hester Peirce said Congress needs to decide who regulates cryptocurrencies while advocating for clear yet less stringent rules for tokens.  ( 18 min )

Top healthcare stocks include Azenta Inc. for best value, ShockWave Medical for fastest growth, and Viking Therapeutics for most momentum.  ( 21 min )

Disney shares drop after reporting record streaming subscriber losses, and the Labor Department prepares to release its latest update on wholesale inflation. Here’s what investors need to know today.  ( 17 min )

Understand the basics of the stochastic oscillator and how analysts and traders use this measure of trend momentum to predict impending reversals.  ( 17 min )

Zimmer Biomet Holdings Inc and Nordic American Tankers are top stocks for EPS and revenue growth, respectively.  ( 21 min )

Peloton shares fell close to 9% on Thursday after recalling 2.2 million bikes because of a faulty seat assembly.  ( 1 min )

Robinhood Markets (HOOD) shares are advancing as the online retail brokerage reported better-than-expected financial results, and said it's expanding services including enabling 24-hour trading.  ( 1 min )

PacWest shares fell more than 25% after the struggling regional bank reported deposit outflows of 9.5% last week, reigniting concerns about the health of the bank.  ( 1 min )

Roblox shares jumped as the online video game company posted better-than-expected revenue and record numbers of users.  ( 1 min )

Shares in Walt Disney dropped 2.4% after hours with the company reporting a 4M drop in Disney+ subscribers, and a modest earnings beat.  ( 1 min )

Markets finished mixed on Thursday, May 11, 2023, as Disney streaming subscribers and PacWest deposits fell, sending their shares tumbling.  ( 1 min )

Disney drags Dow down more than 200 points, while consumer staples stocks Coca-Cola and Walmart move higher.  ( 1 min )

Disney shares drop after reporting record streaming subscriber losses, and the Labor Department prepares to release its latest update on wholesale inflation. Here’s what investors need to know today.  ( 1 min )

Zimmer Biomet Holdings Inc and Nordic American Tankers are top stocks for EPS and revenue growth, respectively.  ( 1 min )

The major U.S. indexes finished mixed on May 10, 2023, after the Labor Department reported a slowdown in the annual rate of inflation.  ( 1 min )

Salesforce led a tech march in the Dow, while American Express and Visa fell on consumer credit worries.  ( 1 min )

By Exec Edge Editorial Staff Getaround Inc. (NYSE: GETR) said it plans to buy all of the assets of HyreCar Inc., which offers car rentals for gig-economy drivers, for $9.45 million. The acquisition is expected to accelerate Getaround’s “path to profitability,” the car-sharing company said. The deal is expected to close on Tuesday. “HyreCar created […]  ( 38 min )

Tesla investors have perceived Musk's role at Twitter as a distraction that prevented him from focusing on the car company.  ( 23 min )

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Regional banks were under pressure again Thursday after PacWest reported nearly 10% of deposits flowed out the bank's doors last week as the crisis hitting smaller lenders continues.  ( 40 min )

Last trading at $10.26, Beyond Meat's stock has slumped from highs of over $239 in the months following its July 2019 initial public offer, among Wall Street's hottest listings that year. Beyond Meat also said it has entered an equity distribution agreement with Goldman Sachs to sell up $200 million worth of its shares, or equivalent to about 30% of its market cap after Thursday's drop. Goldman Sachs analyst Adam Samuelson has a "sell" rating on Beyond Meat's stock, according to Refinitiv.  ( 39 min )

(Bloomberg) -- Carl Icahn’s holding company authorized a buyback equaling almost 27% of its shares trading on the open market, potentially boosting the stock price as the financier feuds with a short seller.Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rally as Candidate Withdraws Days Before VoteDimon Jabs at Trump on Debt Ceiling, Says JPMorgan Has War RoomTraders Embrace Bonds as Recession Angst Builds: Markets WrapFamily Builds $900 Million Brazi  ( 40 min )

Tesla Inc. CEO Elon Musk has never been one to hold back his opinions, even when it comes to legendary investor and Berkshire Hathaway Inc. founder Warren Buffett. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families In a candid 2020 interview with The New York Times, Musk didn’t mince words when he discussed Buffett’s image. “He has managed to create a great image for himself as a kindly grandfather, which is maybe  ( 40 min )

JPMorgan Chase (JPM) CEO Jamie Dimon says the unresolved debt ceiling situation could wreak havoc on the stock market. Dimon said on Bloomberg television that if a debt ceiling agreement isn’t reached, it would be “potentially catastrophic,” adding that as a government default on credit draws close  ( 26 min )

Brazil's state-run oil company Petrobras said on Thursday it will pay dividends of 1.893577 reais per share, totaling 24.7 billion reais ($4.94 billion). The company will pay a first installment to shareholders on August 18, while the second will be paid on September 20. ($1 = 5.0033 reais)  ( 38 min )

Rosenblatt analyst Hans Mosesmann reiterates Nvidia Corp (NASDAQ: NVDA) with a Buy and a $320 price target. The analyst expects Nvidia to meet or slightly beat April quarter and July quarter outlook expectations on data center Hopper H100 ramp, solid Gaming trends (Ada Lovelace), and stable networking (NICs, switching, and DPUs). He sees Nvidia driving the biggest technology inflection the world may have seen in transformational AI everywhere and in everything. Jensen’s AI vision is openly playi  ( 38 min )

Shares of beer maker Anheuser-Busch InBev stock are down again as a conservative boycott continues to loom over the company.  ( 22 min )

Charlie Munger, Warren Buffett's right-hand man, spent $1,000 on oil royalties in 1962. He now receives 70 times that amount from them each year.  ( 39 min )

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If the U.S. defaults, Zillow says, mortgage rates could reach 8.4% by September.  ( 40 min )

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“People always look at the financial deal. Forget the financial deal ... it's a lot of work,” Dimon told Bloomberg Thursday about buying beaten down banks.  ( 41 min )

Polestar became the latest electric-vehicle manufacturer to cut its forecast for 2023 deliveries on Thursday, sending its stock down 11%.  ( 27 min )

Disney CEO Bob Iger revealed more price hikes will be coming to its streaming services.  ( 41 min )

(Bloomberg) -- The US Supreme Court upheld California’s new humane-pork law, rejecting an industry challenge in a ruling buttressing the power of states to impose rules that have a broad economic impact on other parts of the country.Most Read from BloombergHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimAbu Dhabi Royal’s Firm Shorts US Stocks on Global Recession FearsJamie Dimon Says US Needs to 'Finish' the Bank  ( 37 min )

The U.S. came perilously close to default in 2011.  ( 39 min )

Peloton's bike recall likely won't be as a detrimental to the stock as the 2021 treadmill recall, according BMO Capital Markets.  ( 39 min )

The Japanese tech investor said it was ready to go on the offensive again with its eye on artificial-intelligence companies after cashing in almost its entire stake in Alibaba.  ( 27 min )

Investors will get an 0.9% fixed rate plus the inflation rate over the life of the savings bonds.  ( 22 min )

Shares of beer maker Anheuser-Busch InBev stock are down again as a conservative boycott continues to loom over the company.  ( 22 min )

Now that Iger knows what drives subscriber growth and what doesn't, he wants to thin out the bloated library of content on his loss-making streaming platforms.  ( 40 min )

Hindenburg Research said Thursday that it had initiated a new position in Icahn Enterprises.  ( 40 min )

(Bloomberg) -- Jamie Dimon said it’s time for regulators to help put an end to turmoil in the banking industry, but he’s already predicting policymakers will take away the wrong lessons from this year’s upheaval. Most Read from BloombergHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimAbu Dhabi Royal’s Firm Shorts US Stocks on Global Recession FearsUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseFam  ( 41 min )

Goodyear finds itself in the crosshairs of a new activist campaign.  ( 39 min )

Regional banks were under pressure again early Thursday after PacWest reported nearly 10% of deposits flowed out the bank's doors last week as the crisis hitting smaller lenders continues.  ( 40 min )

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(Bloomberg) -- Short seller Hindenburg Research hit out again at Carl Icahn’s investment firm, saying the famed corporate raider failed to disclose enough in response to questions raised in its critical report. Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Markets WrapFamily B  ( 39 min )

Peloton shares are down nearly 8% in morning trading after the company announced a recall affecting roughly 2.2 million bikes. Bikes sold for about $1,400 from January 2018 through this mo  ( 17 min )

With the rise of ChatGPT, AI (artificial intelligence) has been generating an enormous amount of buzz this year, based on the tech’s potential to impact so many facets of everyday life and the way we interact with the world around us. But is it really a seismic development or just overhyped tech? Billionaire entrepreneur Mark Cuban falls resolutely in the former camp. Having recently waded in on the conversation, Cuban has said the tech’s potential is “beyond anything I’ve ever seen,” comparing  ( 42 min )

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The sportswear brand ended its partnership with Kanye West last year over the rapper's antisemitic comments, leaving it with more than $1 billion worth of unsold stock.  ( 26 min )

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JPMorgan Chase & CO CEO Jamie Dimon said on Thursday bank staff are meeting weekly to discuss the potential implications for clients, contracts and markets of a potential U.S. default. While he does not expect that potentially "catastrophic" outcome, it will likely convene daily "war room" to discuss a potential default as the U.S. government get closer to running out of cash to pay its obligations, he said.  ( 38 min )

The Beverly Hills-based bank said the majority of the 9.5% deposit decline occurred on May 4 and May 5 after news reports that PacWest was exploring all of its options and holding talks with potential investors and partners.  ( 22 min )

The projections for the solvency of Social Security a decade from now are not good. And if something isn't done, the trust funds for Old-Age and Survivors Insurance (OASI) and the combined Old-Age and Survivors Insurance and Disability Insurance (OASDI) … Continue reading → The post Would You Pay an Extra Tax to Save Social Security? Here's What Experts Think appeared first on SmartAsset Blog.  ( 40 min )

If I give $50,000 in cash to a charity, does that lower my taxable adjusted gross income (AGI) by $50,000? So if my adjusted gross income was $100,000, and I gave $50,000 to charity, is my taxable income now $50,000? … Continue reading → The post Ask an Advisor: Help Me Understand the Math. How Does Donating to Charity Reduce My Taxes? appeared first on SmartAsset Blog.  ( 41 min )

As you build a retirement nest egg, there are many investment options to choose from. An annuity is one option that provides a guaranteed retirement income that can serve as a cornerstone for any financial plan. However, understanding exactly how … Continue reading → The post How Much Does a $250,000 Annuity Pay? appeared first on SmartAsset Blog.  ( 40 min )

For anyone who anticipates retiring one day, planning is critical. This means saving throughout your career, calculating your future Social Security benefits and anticipating your expenses in retirement. But retirement planning for high-net-worth individuals can be even more complex. These … Continue reading → The post High-Net-Worth Retirement Planning Guide appeared first on SmartAsset Blog.  ( 45 min )

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KeyBanc analyst Aleksey Yefremov upgraded shares of Albemarle and Livent to Buy from Hold.  ( 26 min )

The euro initially fell during the trading session on Thursday as we continue to see a lot of volatility in the Forex markets.  ( 39 min )

JD.com's first-quarter earnings beat expectations. The company said CEO Lei Xu will retire in June for personal reasons.  ( 22 min )

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Top healthcare stocks include Azenta Inc. for best value, ShockWave Medical for fastest growth, and Viking Therapeutics for most momentum.  ( 22 min )

Stock futures slipped on Thursday morning as investors awaited more inflation data.  ( 40 min )

Electric vehicle costs are coming down, but not fast enough to help the two automakers, argues Wells Fargo analyst Colin Langan. He has a point.  ( 26 min )

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The Beverly Hills-based bank said the majority of the 9.5% deposit decline occurred on May 4 and May 5 after news reports that PacWest was exploring all of its options and holding talks with potential investors and partners.  ( 22 min )

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Zimmer Biomet Holdings Inc and Nordic American Tankers are top stocks for EPS and revenue growth, respectively.  ( 21 min )

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So far this month, PacWest shares have lost nearly 40%. During the week ended May 5, deposits declined about 9.5%, the bank said, adding the majority of those outflows happened on May 4 and May 5 after news reports said PacWest was exploring options. But at the end of the first quarter, PacWest had $341.7 million in cash and cash equivalents, which it said would be sufficient to fund cash flow needs over the next 12 months.  ( 38 min )

Shares of oil-and-gas companies led the market last year. This year, they are the biggest laggards. Energy stocks are 2023's worst-performing S&P 500 sector, down 9.2%, compared  ( 18 min )

JD.com's first-quarter earnings beat expectations. The company said CEO Lei Xu will retire in June for personal reasons.  ( 22 min )

Markets are widely pricing in an interest rate hike pause at the next Fed meeting following the release of new inflation data.  ( 40 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Executives and directors at U.S. banks ranging from giants such as U.S. Bancorp to tiny Byline Bancorp are scooping up more shares.  ( 22 min )

Healthcare has had the greatest earnings growth of any sector since the mid-1980s. Why Pfizer and Stryker are two favorite stocks of the Jensen Quality Growth fund.  ( 23 min )

A Starlink IPO could raise billions of dollars and give Musk another source of funds outside of Tesla stock.  ( 32 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

(Bloomberg) -- The chief executive of what will become the world’s third-biggest lithium producer says the new company will focus on building a supply chain in the Americas, as US automakers look for non-Chinese sources of the electric vehicle-battery metal.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseItaly Intends to Exit China Belt and Road Pact as Ties SourTreasuries Advance After C  ( 39 min )

Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark. Ether led the losers in the top 10 non-stablecoin cryptocurrencies.  ( 40 min )

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Oil prices rose in early Asian trade on Thursday after strong demand for fuels in the U.S. outweighed concerns about the possibility of the world's biggest oil producer and consumer defaulting on its debt. U.S. crude futures rose 28 cents to $72.84. Latest U.S. data showed consumer prices rose in April, increasing the likelihood that the Federal Reserve will maintain higher interest rates which can have the knock-on effect of reducing oil demand.  ( 38 min )

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Elon Musk zegt dat hij een vervanger voor zichzelf heeft gevonden als hoogste baas bij Twitter. De miljardair blijft zelf als voorzitter en eindverantwoordelijke voor technologie werkzaam in het bestuur van het bedrijf.  ( 4 min )

Schiphol heeft in de meivakantie ongeveer 1,1 miljoen vertrekkende passagiers verwerkt. Dat leidde niet tot grote problemen omdat er duizend nieuwe beveiligers zijn aangenomen.  ( 3 min )

Het verbod op tijdelijke huurcontracten komt er toch, maar wel met een aantal uitzonderingen. Vorige maand ontstond er ruzie in de Tweede Kamer over de nieuwe wet. Het CDA zoekt nu de middenweg en heeft de strijdbijl met initiatiefnemers PvdA en CU begraven.  ( 5 min )

Sander Schimmelpenninck en Elinze Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. Samen bezoeken ze het landgoed De Wielewaal en duiken ze in het privéarchief van de familie. Dit is de eerste aflevering en de komende weken zie je iedere donderdag om 17.00 uur een nieuwe aflevering op NU.nl.  ( 3 min )

Sander Schimmelpenninck en Elinze Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. Samen bezoeken ze het landgoed De Wielewaal en duiken ze in het privéarchief van de familie. Dit is de eerste aflevering en de komende weken zie je iedere donderdag om 17.00 uur een nieuwe aflevering op NU.nl.  ( 3 min )

Microsoft en Call of Duty-maker Activision Blizzard mogen geen aandelen van elkaar kopen zolang het beroep tegen het overnameverbod in behandeling is. Dat heeft de Britse toezichthouder CMA donderdag bepaald. De softwaregigant wil de gameontwikkelaar overnemen voor 69 miljard dollar (63,3 miljard euro).  ( 4 min )

Pornosite xHamster gaat in beroep tegen de uitspraak over illegale naaktbeelden. Dat bevestigt de advocaat van xHamster tegenover NU.nl. De rechtbank van Amsterdam bepaalde een maand geleden dat de website alle video's moet verwijderen waarvoor ze geen aantoonbare toestemming heeft gekregen.  ( 5 min )

De Europese Unie is van plan om nieuwe belastingen in te voeren. Het gaat onder meer om een grensbelasting en een heffing op cryptomunten en financiële transacties. Die inkomsten zijn nodig om uitgaven voor het coronaherstelfonds, defensie en duurzaamheid te kunnen doen.  ( 4 min )

De Britse centrale bank heeft het belangrijkste rentetarief verhoogd naar 4,5 procent om de torenhoge inflatie in het Verenigd Koninkrijk tegen te gaan. Het is de twaalfde verhoging op rij.  ( 3 min )

Zo'n 125.000 schoonmakers en glazenwassers in ons land krijgen een loonsverhoging van in totaal 6,25 procent dit jaar en nog eens 8,5 procent in 2024 bovenop hun lopende cao. Werkgeversclub Schoonmakend Nederland en de vakbonden hopen op deze manier het koopkrachtverlies van de werknemers te compenseren.  ( 3 min )

Het spoorpersoneel in Duitsland legt zondagavond voor vijftig uur het werk neer om een betere cao af te dwingen. Het gaat om een staking in het regionale, langeafstands- en goederenverkeer. Deutsche Bahn verwacht "enorme verstoringen" in Duitsland en over de grens.  ( 4 min )

De gemiddelde huurprijs is in het eerste kwartaal van dit jaar verder gedaald. Hoewel de prijzen in de vrije huursector zijn gezakt, zijn in eerste drie maanden van dit jaar minder mensen naar een huurwoning verhuisd dan een jaar eerder.  ( 3 min )

Het spoorpersoneel in Duitsland legt zondagavond voor vijftig uur het werk neer om een betere cao af te dwingen. Het gaat om een staking in het regionale, langeafstands- en goederenverkeer. Deutsche Bahn-bestuurder Martin Seiler vindt dat de vakbond zich onredelijk opstelt.  ( 3 min )

De prijs voor gas is de afgelopen dagen verder gezakt. Voor een megawattuur betalen handelaren nu minder dan 35 euro. Eind 2021 was gas voor het laatst zo goedkoop.  ( 4 min )

Het Europees Parlement heeft donderdag voor het eerst gestemd over de aanstaande AI-wet. Het voorstel is door een grote meerderheid goedgekeurd. Toch duurt het nog een tijdje voordat de Europese regels in werking treden.  ( 4 min )

KLM moet de komende maanden vluchten schrappen. Het gaat om een "beperkt aantal" vluchten met de Cityhopper-toestellen, die binnen Europa vliegen.  ( 3 min )

ING heeft zijn nettowinst bijna verviervoudigd in het eerste kwartaal van dit jaar. Net als ABN AMRO, dat woensdag al zijn resultaten presenteerde, heeft het financiële concern flink geprofiteerd van de gestegen rente.  ( 4 min )

De hogere prijzen voor eten en drinken waren in april de belangrijkste oorzaak van de inflatie. Het leven was vorige maand 5,2 procent duurder dan een jaar eerder. Vooral de dure boodschappen waren daar debet aan.  ( 3 min )

De hogere prijzen voor eten en drinken waren in april de belangrijkste reden voor de inflatie. Uit cijfers van statistiekbureau CBS blijkt dat het leven vorige maand 5,2 procent duurder was dan een jaar eerder en vooral de dure boodschappen waren daar debet aan.  ( 3 min )

Shares in Walt Disney dropped 2.4% after hours with the company reporting a 4M drop in Disney+ subscribers, and a modest earnings beat.  ( 16 min )

See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.  ( 17 min )

The major U.S. indexes finished mixed on May 10, 2023, after the Labor Department reported a slowdown in the annual rate of inflation.  ( 17 min )

The U.S. Federal Reserve sounded the alarm on commercial real estate (CRE), highlighting the risks of high exposure to the sector among some of the nation’s banks.  ( 18 min )

Salesforce led a tech march in the Dow, while American Express and Visa fell on consumer credit worries.  ( 17 min )

A means test is a formula that qualifies an individual or household for assistance or other benefits.  ( 19 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Equity income primarily refers to income from investments that are known to pay dividend distributions.  ( 19 min )

Roblox shares jumped as the online video game company posted better-than-expected revenue and record numbers of users.  ( 16 min )

The Senior Citizens League estimates that the 2024 COLA could be 3.1%, plunging from a four-decade high of 8.7% this year.  ( 16 min )

A market-based corporate governance system defines the responsibilities of the different participants in the company, including shareholders and management.  ( 20 min )

Referrals can get financial advisors more clients and increase revenues.  ( 22 min )

Mortgage rates moved generally higher for a fourth consecutive day, including a bump in the flagship 30-year average that almost returns it to 7% territory.  ( 19 min )

Homebuyers may have been buoyed this week as the Federal Reserve signals a pause in interest rate hikes, according to the Mortgage Bankers Association.  ( 16 min )

Avoid these pitfalls when working with high credit limits, and learn how to increase your credit score by increasing your credit limit responsibly.  ( 22 min )

Google's AI push comes with enhanced features for search, maps and photo editing as well as an expansion to 180 countries with over 40 languages.  ( 17 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.  ( 18 min )

These 11 entrepreneurs turned their ideas into thriving businesses that have transformed industries from high tech to medicine to fashion design.  ( 25 min )

Even in the wake of bank failures that have diminished the funds that backstops deposit insurance, the average bank customer shouldn’t worry too much, experts say.  ( 20 min )

Icahn Enterprises confirmed federal investigation, sending shares down 20%  ( 17 min )

Cresco Labs, SNDL, and Green Thumb Industries top peers for best value, fastest growth, and best performance, respectively.  ( 20 min )

Professional ethics in the financial services profession can be confusing. Here are some ways to ensure you are getting the best advice.  ( 26 min )

There are more banks owned by Asian Americans than by any other racial group in the U.S. Here are 10 of the most successful ones.  ( 30 min )

Calculating the percentage gain of an investment is easy. Here is what you need to know to determine gain or loss.  ( 23 min )

Term life insurance is a guaranteed life benefit paid to beneficiaries of the insured after death.  ( 28 min )

An inverted market occurs when the near-maturity futures contracts are higher in price than far-maturity futures contracts of the same type.  ( 21 min )

If you received unemployment compensation or a tax refund, you might get Form 1099-G. Find out what it is, why you received one, and more.  ( 25 min )

Daqo New Energy, Rumble, and Tingo Group lead the pack for value, growth, and momentum, respectively.  ( 21 min )

Four major players slice and dice your mortgage in the secondary mortgage market.  ( 22 min )

An innovator and visionary, Steve Jobs' accomplishments can be held along with those of Microsoft’s Bill Gates, Google’s Larry Page, and Sergey Brin.  ( 21 min )

Learn more about Morgan Stanley's operations and how it makes money.  ( 21 min )

Inflation, which has been in retreat for months, barely budged in April as price increases for housing, gas, and vehicles kept the overall rise in the cost of living too high for comfort.  ( 16 min )

As cryptocurrency gains popularity, consider speaking with a financial advisor about potential risks and rewards that come with the investment. Here's what they may say.  ( 27 min )

Many traders are moving to become algorithmic traders but struggle with the coding of their trading robots. Learn here the fundamentals of algorithmic trading.  ( 22 min )

Administered by the Federal Reserve, the Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) is a quarterly survey of domestic institutions and foreign institutions operating in the United States.  ( 20 min )

The Labor Department will release its latest update on consumer inflation and Google will introduce new artificial intelligence technology at its developer conference. Here’s what investors need to know today.  ( 17 min )

Commercial real estate (CRE) loans are becoming expensive and harder to get for landlords, while increasing delinquencies could be a problem for regional banks with disproportionate CRE exposure.  ( 18 min )

An investment time horizon is the time an investment is held until sold. Discover the best investments for short, medium, and long-term investment horizons.  ( 23 min )

Marketing refers to the activities of a company associated with buying, advertising, distributing, or selling a product or service.  ( 29 min )

Cost of goods sold (COGS) is defined as the direct costs attributable to the production of the goods sold in a company.  ( 27 min )

Return on investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of several investments.  ( 26 min )

Entrepreneurs create new businesses, taking on all the risks and rewards of their company. Learn about entrepreneurship and the challenges facing entrepreneurs.  ( 37 min )

(Bloomberg) -- Beyond Meat Inc. seeks to raise as much as $200 million in an equity offering as the plant-based burger maker contends with falling sales and a decline in cash reserves. Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourTucker Carlson’s Twitter Move Wipes $235 Million From RumbleUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Ed  ( 40 min )

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HSBC is downgrading Anheuser-Busch InBev to hold following the Bud Light "crisis" involving a marketing campaign featuring transgender activist Dylan Mulvaney.  ( 39 min )

Sales of other Anheuser-Busch brands, including Michelob Ultra, Busch Light and Natural Light, have also taken a hit.  ( 38 min )

The U.S. Federal Reserve sounded the alarm on commercial real estate (CRE), highlighting the risks of high exposure to the sector among some of the nation’s banks.  ( 18 min )

Paramount is cutting staff and shuttering MTV News to cut costs, according to media reports.  ( 40 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

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(Bloomberg) -- Topgolf Callaway Brands Corp. tumbled by the most since October 2020 on Wednesday after the company cut its profit forecast for the year, signaling that interest in golf is cooling following a pandemic-fueled surge.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourTucker Carlson’s Twitter Move Wipes $235 Million From RumbleUS Inflation Shows Signs of Moderating, Giving Fed Room to  ( 39 min )

Disney reported quarterly earnings after the bell on Wednesday. Here's what to know.  ( 40 min )

The U.S. Attorney's office of the Southern District of New York reached out to Carl Icahn and Icahn Enterprises a day after Hindenburg Research released a short report on the holding company.  ( 39 min )

Two companies that were both partly founded by Peter Thiel reported their first quarter results, namely PayPal Holdings Inc (NASDAQ: PYPL) and Palantir Technologies Inc (NYSE: PLTR). Palantir shares catapulted on Tuesday after CEO outlined plans to capitalize AI boost, while PayPal increased its outlook for the year but its increased profitability was mostly the result of cost cutting, including staff cuts. PayPal’s Raised Profit Expectations Were Eclipsed By Adjusted Margin Guidance With its fi  ( 40 min )

(Bloomberg) -- The US federal government’s budget surplus for April was down 43% from a year ago, thanks to a slide in tax revenues for the month that annual household filings are due.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $  ( 38 min )

(Bloomberg) -- Argentina’s fight to prevent its problematic currency from a total meltdown is leaving the central bank, by some estimates, broke.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollThe South America n  ( 39 min )

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When deliberating whether to settle its defamation lawsuit against Fox for $787.5 million in April, the CEO of Dominion Voting Systems and his partner saw the figure as “a very big price to put on truth and journalism and probably not a bad precedent,” Dominion head John Poulos said Wednesday. Poulos, Dominion’s co-founder and chief executive, spoke about his experience settling the historic lawsuit during an interview at the Sir Harry Evans Global Summit in Investigative Journalism in London. Dominion sued Fox News and parent company Fox Corp in 2021 over the network’s coverage of false vote-rigging claims about the voting technology firm.  ( 39 min )

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Facing a federal probe over practices at his investment company, activist investor Carl Icahn went on the attack against the short seller that likely spurred the inquiry.  ( 27 min )

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Cresco Labs, SNDL, and Green Thumb Industries top peers for best value, fastest growth, and best performance, respectively.  ( 22 min )

Arvind Krishna thinks A.I. will become integral to many office tasks.  ( 41 min )

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Icahn Enterprises said the U.S. Attorney for the Southern District of New York requested information on a range of issues, including valuation and governance.  ( 23 min )

The U.S. Attorney's office of the Southern District of New York reached out to Carl Icahn and Icahn Enterprises a day after Hindenburg Research released a short report on the holding company.  ( 39 min )

Investors who are on the lookout for real estate investment trusts (REITs) that could prosper in the future need to look no further than the recent first-quarter earnings reports that were released last week. Strong earnings often drive increases in share price as well as dividend growth. Therefore, companies with the best operating results stand to do as well or better than other comparable peers. Take a look at three REITs that had sensational first-quarter earnings and are strong candidates t  ( 40 min )

Managers with relatively low exposure to tech heavyweights might be kicking themselves right about now.  ( 22 min )

Microsoft CEO Satya Nadella told staff in an email Wednesday that the company will not be supplying raises to salaried staff due to macroeconomic conditions.  ( 39 min )

(Bloomberg) -- Icahn Enterprises LP, under pressure from a short seller, fell as much as 20% after disclosing that the US Attorney’s office for the Southern District of New York had reached out seeking information. Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTrump L  ( 39 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) shares are trading higher Wednesday. The positive movement could also be in sympathy with peer chipmakers, as a lot is brewing in the space. Peer chipmaker NVIDIA Corp (NASDAQ: NVDA) is also trading higher on reports of additional orders for AI chips that require Taiwan Semiconductor Manufacturing Company Ltd's (NYSE: TSM) CoWoS (chip on wafer on substrate) packaging. A lso, reports suggest that Nvidia might launch its GeForce RTX 4060-series graphics ca  ( 39 min )

Nationwide retail sales of Budweiser and Bud Light are down both year to date and over the four-week period ended April 29—in contrast to the industry and peers.  ( 22 min )

A lawyer for Gamble said her client filed a sexual harassment complaint that led to the firing of NBCUniversal chief Jeff Shell.  ( 38 min )

The Federal Reserve announced another 25 basis point rate hike last week, bringing the federal funds rate to its highest level since 2007. But according to DoubleLine Capital Founder Jeffrey Gundlach, this should mark the end of the U.S. central bank’s hawkish stance. “The Fed will not raise rates again,” he said in a tweet. This is not the first time for Gundlach to predict that the Fed will pivot. “I predict the Federal Reserve will be cutting rates substantially soon,” he said in a tweet in M  ( 39 min )

Companies can allocate their funds in various ways to create shareholder value. But in the eyes of legendary investor Warren Buffett, one method stands out above all others. “If you do it at the right price, there’s nothing better than buying in your own business,” the Berkshire Hathaway CEO said during his company’s annual shareholders meeting in 2022. Buffett was referring to stock buybacks. Basically, a company can repurchase its own shares from the open market, effectively reducing the numbe  ( 41 min )

According to Microsoft's Work Trend Index, the labor force needs to start working on their A.I. skills immediately or risk being left behind.  ( 40 min )

(Bloomberg) -- Costa Rica’s days of living beyond its means and running up reckless amounts of debt are over, said the nation’s president, whose fiscal turnaround is winning over currency and bond traders.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for  ( 39 min )

Toyota’s new management said it would add billions of dollars in spending to reach electric-vehicle targets, as it seeks to make up lost ground.  ( 27 min )

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Swedish Orphan Biovitrum AB (OTC: BIOVF) has agreed to acquire CTI BioPharma (NASDAQ: CTIC) for $9.10 per share of common stock in an all-cash transaction, representing an implied equity value of approximately $1.7 billion. The transaction price represents an 89% premium to CTI's closing share price on May 9, 2023, and a 95% premium to its 30-trading day volume-weighted average price of $4.67. The transaction will diversify Sobi's portfolio of hematology medicines through CTI's lead product, Von  ( 39 min )

Airbnb told investors the second quarter is turning out to be a "tougher comp" for the company, spooking markets early Wednesday.  ( 40 min )

The videogame platform reports a first-quarter loss that was wider than a year earlier and wider than analysts expected.  ( 25 min )

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No matter what your personal view is on celebrity endorsements, there’s no denying that their support can significantly boost the visibility of a product. That is the point after all in getting a well-known figure in some promotional activities. But what happens when the chosen celebrity happens to be the wrong fit? Well, Anheuser-Busch can tell you all about that. The Bud Light-owner decided to run a promotional push for the beer by bringing on board transgender ‘influencer’ Dylan Mulvaney, who  ( 41 min )

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EU antitrust regulators are set to approve Microsoft Corp's $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said. The European Commission's imminent clearance comes nearly three weeks after the UK competition authority blocked the deal, the biggest-ever deal in gaming, over concerns it would hinder competition in cloud gaming. The EU antitrust enforcer is expected to clear the acquisition after Microsoft agreed to licensing deals with cloud streaming rivals including Nvidia, Ukraine's Boosteroid and Japan's Ubitus, other people with direct knowledge of the matter told Reuters in March.  ( 38 min )

Why does a financial advisor get a fee of 1% or more? That seems really high. If my return is only 4% (for example, in dividends), I am giving away 25% of my return, which is even worse with a … Continue reading → The post Ask an Advisor: ‘I Am Giving Away 25% of My Return.' Why Does a Financial Advisor Earn a 1% Fee, Even in a Bear Market? appeared first on SmartAsset Blog.  ( 41 min )

After beginning the year at record levels, global events have caused market volatility to jump and equities to fall. The S&P 500 Index is experiencing its first major correction since 2020, so investors are understandably looking to safeguard their assets. … Continue reading → The post Schwab Says This Can Double Your Retirement Savings appeared first on SmartAsset Blog.  ( 39 min )

If you came into an extra $40,000, how would you use it? It might be tempting to put that money into something instantly gratifying, like a vacation. But for some, it may be wiser to use those funds to invest … Continue reading → The post How to Invest $40,000: 7 Smart Investments appeared first on SmartAsset Blog.  ( 43 min )

It may be a short time in this one media stock for the Oracle of Omaha.  ( 40 min )

A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.  ( 40 min )

U.S. consumer prices increased in April on higher gasoline costs and rents, while underlying inflation remained strong as used motor vehicle prices rebounded, potentially ensuring that the Federal Reserve keeps interest rates elevated for a while. The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday. In the 12 months through April, the CPI increased 4.9% after advancing 5.0% on a year-on-year basis in March.  ( 38 min )

A closely-watched report on US inflation showed that consumer prices remained elevated last month, but cooled slightly compared to March's annual gain.  ( 37 min )

The all-new Ranger pickup will help Ford extend its leadership in the lucrative truck segment around the world.  ( 22 min )

Twilio expects second-quarter revenue of between $980 million and $990 million, which is below analysts' expectations.  ( 22 min )

Carl Icahn's investment firm Icahn Enterprises LP on Wednesday reported a quarterly loss as volatility in markets hit investment returns. Net loss attributable to Icahn Enterprises was $270 million, or 75 cents per depositary unit, for the quarter ended March 31, compared with a profit of $323 million, or $1.06 per depositary unit, a year earlier.  ( 38 min )

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The San Mateo, California-based company, which uses AI to verify and process loans quickly, said it would receive the capital from new and existing partners over the next 12 months, helping the firm navigate an economic slowdown. A sharp drop in demand for new loans because of high interest rates and fears of a slowdown has hammered shares of Upstart, erasing 82% of their value in the past 12 months.  ( 39 min )

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Wednesday's CPI report is  ( 40 min )

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Swedish Orphan Biovitrum will buy CTI for $9.10 a share as it looks to expand its rare hematology portfolio.  ( 22 min )

If Congress doesn't opt to raise or extend the nation's debt limit, the United States may run out of the money needed to pay its bills. With this deadline approaching as early as June 1, SmartAsset asked financial advisors what they think … Continue reading → The post Financial Advisors Reveal How Investors Should Prepare for Potential U.S. Debt Default – 2023 Survey appeared first on SmartAsset Blog.  ( 39 min )

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(Bloomberg) -- Allkem Ltd. will combine with fellow lithium producer Livent Corp. to create a company with a valuation of $10.6 billion, the latest deal in a sector that’s benefiting from surging EV demand.Most Read from BloombergItaly Intends to Exit China Belt and Road Pact as Ties SourSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGeorge Santos Faces Cr  ( 40 min )

Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. Citi analyst Stephen Trent said. Travel demand has also softened on days in the middle of the week, but has strengthened on peak days.  ( 40 min )

Chevron Corp's renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 billion of debt owed by the OPEC member by the end of 2025, four people close to the matter said. Washington in November issued a six-month, automatically renewing license to the U.S. oil company to revive largely dormant operations in Venezuela and resume crude exports to the U.S. under an exemption to sanctions on the South American country. To back up its license application, Chevron last year signed an oil-for-debt swap with Venezuela's state-run PDVSA.  ( 40 min )

Australian lithium miner Allkem Ltd has inked an agreement to acquire U.S.-based chemical manufacturing firm Livent Corp in a deal that will create a $10.6 billion entity, the two companies announced on Wednesday. Following the transaction, Allkem will own 56% of the new firm, with the remaining stake going to Livent. Allkem shareholders are set to receive the right to one share of a new public holding company for each existing Allkem share, while Livent shareholders will receive 2.406 shares in the new firm for each existing Livent share.  ( 39 min )

Upstart forecasts revenue and adjusted earnings for the second quarter ahead of analysts' expectations. The company also says it secured long-term funding agreements.  ( 22 min )

(Bloomberg) -- China picked a little-known local government official as the nation’s top regulator overseeing the $61 trillion financial sector, in a surprise move after President Xi Jinping unveiled the biggest overhaul of the nation’s bureaucracy in decades.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionItaly Intends to Exit China  ( 39 min )

Upstart stock surges after an upbeat outlook and progress on funding, Twilio's revenue forecast misses analysts' expectations, and Airbnb tumbles on cautious second-quarter guidance.  ( 23 min )

(Bloomberg) -- Swedish Orphan Biovitrum AB has agreed to buy bio-pharmaceutical company CTI BioPharma Corp. in a deal valued at $1.7 billion.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Relations SourGeorge Santos Faces Criminal Charges by US Justice DepartmentSobi will acquire all  ( 39 min )

China will be the elephant in the room at this week's meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country -- but also try to get Beijing's cooperation in solving global debt problems. The conflicting goals come on top of vulnerabilities the G7 rich democracies face due to their heavily reliance on China, which is the world's second-largest economy and the second biggest external holder of U.S. debt. The heightening risk of a U.S. debt default, which could jolt financial markets already jittery after recent bank failures, will overshadow the three-day meeting kicking off on Thursday in the Japanese city of Niigata.  ( 39 min )

History shows that utilities and other defensive sectors fare best. And investors can scoop up attractive yields on short-term Treasuries.  ( 22 min )

Morgan Stanley has previously warned of the worst earnings recession since 2008 to hit stocks, which could send the S&P 500 tumbling by mid-year.  ( 39 min )

(Bloomberg) -- Hopes for a much-needed boost in Chinese tech shares from earnings is likely to fizzle as signs grow that the the nation’s post Covid recovery is losing steam.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Relations SourGeorge Santos Faces Criminal Charges by US Justic  ( 40 min )

Oil prices fell on Wednesday, ending a three-day rally, as an unexpected rise in U.S. oil inventories sparked demand concerns and investors awaited U.S. inflation data to gauge the next rate decision in the top oil consuming nation. Brent crude dropped 69 cents, or 0.9%, to $76.75 a barrel at 0643 GMT, while U.S. West Texas Intermediate (WTI) crude fell 67 cents, or 0.9%, to $73.04. In a possible sign of weakening demand, U.S. crude inventories rose by about 3.6 million barrels in the week ended May 5, while gasoline stockpiles rose by 399,000 barrels, the American Petroleum Institute reported on Tuesday according to market sources.  ( 39 min )

(Bloomberg) -- Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., reported better-than-expected revenue growth after spending to expand and lock in customer demand during an online shopping slowdown. Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollItaly Intends to Exit China Belt and Road Pact as Relations SourSteve Schwarzman Holds Off Giving Money to DeSantis After Meeti  ( 40 min )

Drie van de vijf grootste vliegvelden in Nederland hebben vorig kwartaal meer reizigers dan voor de coronacrisis verwerkt, maar dat gold niet voor Schiphol. Daar bleven de aantallen achter doordat moest worden gesneden in het aantal vluchten vanwege personeelstekorten. Dat blijkt uit cijfers van statistiekbureau CBS.  ( 4 min )

Vorig jaar zijn 2,2 miljoen Nederlanders het slachtoffer geworden van online criminaliteit, meldt Statistiekbureau CBS donderdag. Oplichting en fraude kwamen het vaakst voor. Maar er werden ook veel mensen het slachtoffer van hacken, bedreiging en intimidatie.  ( 3 min )

Flitsbezorgers mogen zich in Amsterdam alleen nog maar vestigen op bedrijventerreinen en niet meer in woongebieden. De gemeenteraad stemde woensdag in met een bestemmingsplan daarover.  ( 4 min )

Starters kochten in de eerste drie maanden van dit jaar meer woningen dan een jaar eerder. Vooral in de grote steden wisten jonge huizenkopers terrein te winnen. Dat blijkt uit cijfers van het Kadaster.  ( 5 min )

Google heeft woensdag voor het eerst een eigen vouwbare telefoon gepresenteerd. De Pixel Fold vouwt open als een boek en kost 1.899 euro. Ook de smartphone Pixel 7A werd gepresenteerd.  ( 5 min )

Google heeft woensdag eindelijk bekendgemaakt welke plannen het bedrijf heeft met kunstmatige intelligentie (AI). Zo komen er grote veranderingen voor de zoekmachine, wordt de chatbot Bard beschikbaar voor iedereen en krijgen bestaande diensten zoals Gmail en Maps nieuwe AI-functies.  ( 4 min )

De plannen van het kabinet voor een nieuw systeem voor bijna gratis kinderopvang zullen niet veranderen, ook al wordt de invoer ervan met twee jaar uitgesteld. Ook betekent het geen afstel. Dat drukte minister Karien van Gennip (Sociale Zaken) bezorgde Kamerleden woensdag op het hart tijdens een Kamerdebat.  ( 3 min )

Hoe houden we kunstmatige intelligentie (AI) onder controle? In Brussel wordt al twee jaar gewerkt aan regels die het gebruik van AI in goede banen moeten leiden. Maar het duurt nog even voordat de richtlijnen er zijn, terwijl de ontwikkelingen elkaar in rap tempo opvolgen.  ( 7 min )

Heineken kreeg vorige maand een dwangsom opgelegd omdat het nog blikjes produceerde zonder statiegeld erop. Maar omdat de bierbrouwer zijn productieproces snel aanpaste, hoeft het die dwangsom niet te betalen, meldt inspectiedienst ILT.  ( 3 min )

Drie bedrijven die eiproducten produceren maakten verboden prijsafspraken en kochten zo hun eieren jarenlang extra goedkoop in. Daar zijn kippenboeren de dupe van geweest. De inkopers krijgen nu boetes van toezichthouder ACM (Autoriteit Consument & Markt).  ( 3 min )

Vanaf september 2024 is het mogelijk om in een echt bed te slapen tijdens een lange vliegreis. Luchtvaartmaatschappij Air New Zealand biedt volgend jaar stapelbedden aan waarin passagiers een gedeelte van de vlucht kunnen slapen.  ( 3 min )

Amerikaanse banken hebben in de eerste drie maanden van dit jaar samen 80 miljard dollar (73 miljard euro) winst gemaakt. Dat is een derde meer dan vorig jaar en tevens een record. Dat terwijl er veel onrust in de sector was en inmiddels zelfs drie banken zijn omgevallen.  ( 4 min )

Onderzoekers hebben vorig jaar 51.369 websites met de ernstigste vorm van kindermisbruik gevonden. Dat is een verdubbeling in vergelijking met 2020. Bijna een derde van deze websites staat op Nederlandse servers.  ( 4 min )

Albert Heijn-moederbedrijf Ahold Delhaize zal de prijzen van verschillende producten in de winkels in ons land zo snel mogelijk verlagen als dat mogelijk is. Dirk van den Broek heeft de prijzen van meer dan tweehonderd producten zelfs verlaagd en bevroren.  ( 5 min )

De Europese Commissie heeft fouten gemaakt toen ze de financiële steun goedkeurde voor luchtvaartmaatschappij Lufthansa door de Duitse regering. Dat verklaart het Europees Hof van Justitie woensdag.  ( 3 min )

Onderzoekers hebben vorig jaar 51.369 websites met de ernstigste vorm van kindermisbruik gevonden. Dat is een verdubbeling in vergelijking met 2020. Bijna een derde van deze websites staat op Nederlandse servers.  ( 4 min )

Ahold Delhaize heeft de verkopen in het afgelopen kwartaal zien stijgen. Wel kampt het supermarktconcern met gestegen bedrijfskosten en stakingen.  ( 3 min )

ABN AMRO heeft afgelopen kwartaal geen last gehad van de onrust op de financiële markten. De bank boekte in de eerste drie maanden van dit jaar een forse winst en profiteerde van de opgelopen rente. Daardoor lukte het hogere marges te pakken op spaargeld dat bij de bank werd gestald.  ( 3 min )

Turkije maakt zich op voor mogelijk de cruciaalste verkiezingen sinds de stichting van de republiek honderd jaar geleden. Het land kampt ondertussen met een torenhoge inflatie en tegenvallende economische groei. Het is de vraag of het onorthodoxe beleid van de Turkse president Recep Tayyip Erdogan vruchten afwerpt.  ( 5 min )

Icahn Enterprises confirmed federal investigation, sending shares down 20%  ( 1 min )

The Labor Department will release its latest update on consumer inflation and Google will introduce new artificial intelligence technology at its developer conference. Here’s what investors need to know today.  ( 1 min )

Markets fell on May 9, 2023, as discussions over lifting the U.S. debt ceiling took place and ahead of fresh inflation numbers.  ( 1 min )

Cresco Labs, SNDL, and Green Thumb Industries top peers for best value, fastest growth, and best performance, respectively.  ( 1 min )

Earnings before interest and taxes (EBIT) indicate a company's profitability and are calculated as revenue minus expenses, excluding taxes and interest expenses.  ( 25 min )

Markets fell on May 9, 2023, as discussions over lifting the U.S. debt ceiling took place and ahead of fresh inflation numbers.  ( 16 min )

Intel leads the Dow lower with layoff announcements, but Boeing’s big deal provides promise for more production from the aircraft maker.  ( 17 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

American homebuyer confidence rose by the most in two years this April, according to Fannie Mae data, as many would-be buyers expect mortgage rates to decline over the next year.  ( 17 min )

Goldman Sachs, Deloitte, Cboe Global Markets, Microsoft (MSFT) and fintech firm Digital Asset have teamed up to create a blockchain network for institutional crypto assets.  ( 17 min )

Most mortgage averages moved moderately higher, with the 30-year average again flirting with the 7% threshold, and jumbo 30-year rates jumping to a 12-year peak.  ( 19 min )

A fully indexed interest rate is defined as an adjustable interest rate which is pegged at a set margin above some reference rate, such as LIBOR.  ( 20 min )

Learn how to approximate the effective convexity of bonds using Microsoft Excel with a modified and simpler version of the standard convexity formula.  ( 18 min )

Crypto exchange seeks Chapter 11 protection after losing half its active users in wake of shutdown of U.S. operations.  ( 17 min )

SEC Form DEFM14A is a form filed with the SEC by a registrant when a shareholder vote is required on an issue related to a merger or acquisition.  ( 19 min )

A transfer agent keeps records of who owns a publicly traded company's stocks and bonds. They also ensure investors receive dividends on time.  ( 24 min )

There are three legally mandated reasons why a broker needs your personal information: suitability, record-keeping, and AML regulation.  ( 22 min )

Sam Bankman Fried urged a U.S. district court in Manhattan to dismiss charges against him, alleging that FTX debtors are working with the U.S. government against him.  ( 16 min )

An intermarket spread involves purchasing long futures in one market and selling short futures of a related commodity with the same expiration.  ( 19 min )

By asking the right questions, listening, and building trust, investors and their financial advisors can get the most out of their relationship.  ( 21 min )

Direct participation programs, a new alternative investment class, are gaining steam. Here's what advisors and investors need to know.  ( 19 min )

Form 4506 is an IRS document that is used to request exact copies of prior years' tax returns.  ( 25 min )

The rule of 72 is a mathematical shortcut used to predict when a population, investment, or other category will double in size for a given rate of growth.  ( 20 min )

Filing for bankruptcy may not be ideal, but it's sometimes the best option when you have unmanageable debt. Learn how bankruptcy works and when to declare bankruptcy.  ( 27 min )

Unlike banks, credit unions often have membership criteria. Find out how to determine whether a credit union would be a good fit for you and what it takes to join one.  ( 23 min )

Buying or selling a home can be the most major financial transaction of your life. Here's how to choose the right real estate broker or agent.  ( 25 min )

A co-signer can help you secure a loan, but eventually, it will be time to strike out on your own. Learn how to release a student loan co-signer from their obligation to your loan.  ( 21 min )

Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.  ( 22 min )

"Fabless company” refers to a company that designs and markets hardware while outsourcing the manufacturing of that hardware to a third-party partner.  ( 19 min )

A deductible is what you pay before a car insurance company provides coverage for damage or loss. Learn how deductibles in car insurance work.  ( 22 min )

The Comptroller General is a high-ranking accounting position in the U.S. government who sets and oversees accounting policy.  ( 19 min )

These are the Russell 3000 stocks with the highest forward dividend yield for May.  ( 23 min )

President Biden will meet with Congressional leaders to try and resolve raising the nation's debt limit to avoid default. Here’s what investors need to know today.  ( 17 min )

Want to make a good living taking on those renegade trading rascals on Wall Street? Here are some tips to help you get in the door at the SEC.  ( 23 min )

Discover the elements that define Facebook, whose over 2 billion monthly active users cement the company as the world's top social media outlet.  ( 21 min )

WASHINGTON (Reuters) -Wall Street executives who have advised the U.S. Treasury's debt operations for the past 25 years warned on Tuesday they are "deeply concerned" about the debt limit impasse that has markets worried about a U.S. default on payment obligations. The 18 current and former chairs and vice chairs of the Treasury Borrowing Advisory Committee (TBAC) since 1998 said in a letter to Treasury Secretary Janet Yellen, "Any delay in making an interest or principal payment by Treasury would be an event of seismic proportions, not only for financial markets but also the real economy." The advisers said the standoff between Republicans and Democrats in Congress and the White House has already raised taxpayer borrowing costs through weak Treasury auctions and high yields for short-dated Treasury Bills, while ratings agencies are already publishing analyses of potential U.S. ratings downgrades.  ( 38 min )

"This year, our focus really is to execute," Plug Power chief executive Andy Marsh told analysts Tuesday. "Our primary goal is to achieve revenue of $1.4 billion."  ( 14 min )

The 'buy now, pay later' company posted a loss of $205.7 million, or 69 cents a share, for the quarter, topping expectations by analysts surveyed by FactSet.  ( 25 min )

Bay Area bankers are pulling in the reins on lending, some even before the March 10th collapse of Silicon Valley Bank  ( 15 min )

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(Bloomberg) -- Occidental Petroleum Corp. redeemed $647 million, or about 6.5%, of Berkshire Hathaway Inc.’s preferred stock as the oil company begins paying back Warren Buffett four years after he helped finance its acquisition of Anadarko Petroleum Corp. Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Be  ( 39 min )

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Nvidia Corp (NASDAQ: NVDA) shares are trading lower Tuesday as Advanced Micro Devices, Inc (NASDAQ: AMD) shared plans to showcase its growth strategy and expanding product portfolio and capabilities for data center and AI at a June 13 livestreaming event. AMD Chair and CEO Dr. Lisa Su will detail new products and momentum across data center, AI, adaptive, and high-performance computing solutions. Also, Monday reports suggested that U.S. sanctions compelled the Chinese firms, including Alibaba Gr  ( 38 min )

Just a few weeks after reporting its fifth consecutive quarter of falling sales and the second consecutive quarter of losses which was also the largest loss in its history, Intel Corporation (NASDAQ: INTC) is the latest to announce a new round of job cuts, joining Meta Platforms (NASDAQ: META), Alphabet Inc (NASDAQ: GOOG)(GOOGL) and other tech giants who took a hit to their bottom lines and also opted to trim their workforce in response to poor macroeconomic conditions. But, Intel still believes  ( 40 min )

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By Exec Edge Editorial Staff Dutch Bros Inc. (NYSE: BROS) coffee chain reported a 30% rise in first quarter sales and reiterated its full-year guidance. Joth Ricci, Chief Executive Officer of Dutch Bros, stated, “We also saw meaningful margin expansion, driven by significant improvements in labor efficiency and G&A leverage. We doubled down in our […]  ( 38 min )

Tuesday evening, Rivian reported a per-share loss of $1.77 from $661 million in sales. Wall Street was looking for a loss of $1.62 a share from about $664 million in sales.  ( 22 min )

Akamai's first-quarter results topped guidance, and the second-quarter outlook topped previous Wall Street estimates.  ( 22 min )

Oil and gas producer Occidental Petroleum Corp's first-quarter profit missed analysts' estimates on Tuesday, as oil prices eased amid concerns of a slowdown in global economic growth. Global oil prices pulled back during the reported quarter from the peaks reached last year following Russia's invasion of Ukraine. Brent crude averaged $81.24 a barrel in the first three months of 2023, 20% lower than year-ago levels as concerns rose over the health of the global economy amid the recent banking crisis in the U.S. and China's weaker-than-estimated economic recovery.  ( 38 min )

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Oil and gas producer Occidental Petroleum Corp's first-quarter profit missed analysts' estimates on Tuesday, as oil prices eased amid concerns of a slowdown in global economic growth The Houston-based company posted adjusted earnings of $1.09 per share for the quarter, compared with analysts' estimates of $1.24 per share, according to Refinitiv data.  ( 38 min )

(Bloomberg) -- In a market where conflicting views abound, two major Wall Street trading desks agree on one thing: US stocks will rally on any soft inflation print Wednesday that could pave the way for the Federal Reserve to halt its tightening campaign.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGoldman to Pay $215 Million to End Case on Underpaying WomenTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollItaly Intends to Exit China Belt and Road  ( 40 min )

The company expects production ramp up of its in-house Enduro powertrains to help offset parts supply issues in the second half of the year, enabling it to meet its smaller-than-estimated target of manufacturing 50,000 units. Tesla Inc has cut prices globally this year as part of its recession playbook to increase sales volumes, pressuring smaller EV players that started deliveries just about a year ago. Amazon-backed Rivian said in March it would sell $1.3 billion in convertible green bonds due in 2029 to shore up its cash balance.  ( 38 min )

Airbnb is set to report earnings Tuesday.  ( 39 min )

The basketball star was served last month after a three-month chase, according to tweets from the law firm involved in the case.  ( 38 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) shares are trading lower Tuesday as it shared plans to showcase its growth strategy and expand product portfolio and capabilities for data center and AI at a June 13 livestream event. AMD Chair and CEO Dr. Lisa Su will join other AMD executives and key customers to detail new products and momentum across data center, AI, adaptive, and high-performance computing solutions. Recent reports claimed Microsoft Corp (NASDAQ: MSFT) denied a partnership with the  ( 38 min )

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The stock, last trading at $66.45, was set to record its lowest closing price since October 2017. PayPal late on Monday estimated adjusted operating margin expansion of 100 basis points this year, compared with its earlier forecast of 125-basis-point growth. PayPal said in January it was cutting 7% of its workforce, or about 2,000 employees, joining several technology companies that have eliminated thousands of jobs this year.  ( 38 min )

Advanced Micro Devices, Inc. (AMD) keep pressing higher in 2023, jumping 47%. One chart tells the story: big appetite for the shares.  ( 39 min )

A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc liable for approving the payments company's purchase of Jay-Z's streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did not show that Block's directors acted in bad faith though the purchase it "seemed, by all accounts, a terrible business decision." Once known as Square, Block agreed in March 2021 to pay $306 million for an 87.5% stake in Tidal.  ( 39 min )

Insider's Phil Rosen dives into the housing market and what declining new home listing means for buyers and sellers.  ( 39 min )

Yields on one- and two-month US Treasurys have spiked recently, with Congress struggling to end the debt-ceiling deadlock.  ( 38 min )

The 60/40 portfolio is a staple among savvy investors. Made up of 60% stocks and 40% bonds, it tends to deliver solid returns while attenuating risk. But after the 60/40 portfolio's dismal 2022 returns, investors can't be blamed if they're … Continue reading → The post The 60/40 Portfolio: Alive, Dead or Somewhere In Between? appeared first on SmartAsset Blog.  ( 39 min )

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The payments company expects Braintree, its unbranded payment-processing business, to drive more growth.  ( 22 min )

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(Bloomberg) -- Oil pared losses after the Biden administration announced it was canceling some 140 million barrels of previously mandated sales and would begin replenishing strategic reserves later this year.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGoldman to Pay $215 Million to End Case on Underpaying WomenItaly Intends to Exit China Belt and Road Pact as Relations SourWorld’s Biggest Pulp Producer Considers Trading With China in YuanStocks Bogged Do  ( 38 min )

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.  ( 41 min )

PayPal’s A.I. pitch hits at the core of the current moment in the tech industry, with layoffs mounting and one of the sector’s largest players, Meta Platforms, touting a "Year of Efficiency.”  ( 40 min )

PayPal stock, down more than 11% in midday trading, was weighing on the Nasdaq Composite Tuesday. PayPal (ticker: PYPL) reported first-quarter sales and earnings per share that beat expectations, but the company said that its profit margin will expand at a slower pace than previously expected. That  ( 22 min )

Cash usage, production, and demand will be in focus. The first-quarter earnings season for electric-vehicle start-ups has been downbeat so far.  ( 22 min )

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Rivian will be the next pure-play electric vehicle maker on the earnings docket when it reports Q1 financial results after the bell on Tuesday. With rivals Lucid and Fisker weighing on the sector today, investors will be hoping Rivian can deliver some good news for the cash-intensive, and struggling sector.  ( 39 min )

Online retailer looks to cut delivery costs.  ( 39 min )

Investors will turn their attention to critical data that will help determine the future of Federal Reserve policy: the April inflation report.  ( 39 min )

(Bloomberg) -- Saudi Aramco already shells out a dividend that’s worth more than payouts from the next five largest global payers combined. That gap is now set to widen.The firm’s payouts to the Saudi government and other investors — $75.8 billion last year and the highest of any listed firm — could increase by more than $20 billion in 2023, according to Bloomberg Intelligence. That extra payout alone would be equivalent to Microsoft Corp.’s estimated annual dividend. And while Apple Inc. may be  ( 38 min )

Not so long ago, those keeping a tab on the trends of the 21st century had touted data as ‘the new oil.’ But now, Elon Musk has presented an alternative perspective, stating that lithium batteries should be considered as ‘the new oil.’ In fact, taking the analogy to its logical conclusion, on Monday, Musk was in oil-rich Texas to break ground on a lithium refinery Tesla intends to construct in Corpus Christi. The EV leader plans on splashing out $375 million on the facility so it can produce mor  ( 42 min )

Our investments were $450,000 and are now $250,000. How much do I lose before I cash in investments? -Liz I'm sorry that you've experienced such a significant financial loss. I know that can be stressful and scary as you wonder whether … Continue reading → The post Ask an Advisor: Our Investment Portfolio Fell From $450K to $250K. Should I Cash in My Investments? appeared first on SmartAsset Blog.  ( 40 min )

Nikola reported lower-than-expected sales, and the maker of electric and fuel-cell trucks announced a strategic change Tuesday morning.  ( 22 min )

Novavax is cutting about a quarter of its workforce as the COVID-19 vaccine maker seeks to slash expenses while dealing with uncertain future revenue. The company said Tuesday that it expects to trim next year’s costs for research and development as well as selling, general and administrative expenses by about 40% to 50% compared to 2022. Novavax’s protein-based vaccine debuted long after alternatives from companies like Pfizer, Moderna and Johnson & Johnson had reached the market.  ( 39 min )

Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain. The post Nikola cashes out European JV and refocuses on fuel cells at home appeared first on FreightWaves.  ( 40 min )

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Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.  ( 41 min )

Medicaid can pay for long-term care if you meet its means-testing restrictions. The federal-state program is designed to help only people of limited financial means. However, people with more substantial assets can use three different strategies to shield those assets … Continue reading → The post 3 Ways to Protect Assets from Medicaid appeared first on SmartAsset Blog.  ( 40 min )

Let's say you want to retire early, at age 55. Is $5 million enough to achieve your goal? While the cost of living varies from place to place, a nest egg this size would likely give more than enough money for … Continue reading → The post Is $5 Million Enough to Retire at 55? appeared first on SmartAsset Blog.  ( 40 min )

Buying the most hated stocks on Wall Street isn't always a bad idea. Here are 19 disliked stocks to consider.  ( 22 min )

Debt ceiling standoffs have negatively impacted markets in the past. Due to the lack of urgency, they don’t usually weigh on stocks until the projected default day is within two weeks, according to Bank of America.  ( 40 min )

The funds aren’t completely risk-free right now because Congress hasn’t raised or suspended the nation's roughly $31 trillion debt ceiling.  ( 25 min )

The hydrogen fuel-cell technology company lost 35 cents a share in the first quarter, while Wall Street had expected a loss of 26 cents.  ( 22 min )

Investors have focused at cash reserves at Nikola and other EV makers amid fears that slowing sales could push the companies to pursue more share sales to raise funds. "At the end of May, we plan to pause truck production as we convert the line to accommodate both hydrogen fuel cell and battery electric trucks on the same line and will resume production in July with the first saleable hydrogen fuel cell trucks," Nikola said.  ( 38 min )

The electric-vehicle charging company lost 18 cents a share from $25.3 million in sales. Wall Street expected a 19-cent loss from $27.3 million in sales.  ( 25 min )

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The sportswear company reported fiscal fourth-quarter earnings of 18 cents a share on revenue of $1.4 billion. Wall Street was looking for 15 cents on $1.36 billion.  ( 22 min )

(Bloomberg) -- PacWest Bancorp shares fell on Tuesday, leading some peers lower in early trading as the hard-hit regional bank stock resumed its decline. Most Read from BloombergGoldman to Pay $215 Million to End Case on Underpaying WomenPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePolice Raid Consulting Firm as China Starts Anti-Spy CampaignVanguard’s Trillion-Dollar Man Leads a Fixed-Income R  ( 39 min )

These are the Russell 3000 stocks with the highest forward dividend yield for May.  ( 24 min )

The Covid-19 vaccine manufacturer is aiming to sharply reduce costs as it hopes to bring new shots to the market.  ( 26 min )

The Texas plant will make the electric vehicles manufacturer the only North American car maker to refine its own lithium.  ( 25 min )

Fisker expects to produce 32,000 to 36,000 vehicles in 2023, below its previous guidance.  ( 22 min )

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The California-based company now expects between 32,000 and 36,000 units to be produced in 2023, compared with its previous target of 42,400 cars. For the second quarter, the company expects to produce between 1,400 and 1,700 vehicles.  ( 38 min )

PacWest dropped 13.6%, a day after the Los Angeles-based lender's decision to cut its quarterly dividend failed to stem worries about its financial stability. The KBW Regional Banking Index had last week touched 30-month lows after the collapse of First Republic Bank and PacWest's decision to exploring strategic options. PacWest and Western Alliance, which have been at the heart of the banking selloff, saw the steepest decline in deposits in the first quarter after First Republic, according to S&P Global Market Intelligence data.  ( 39 min )

The company, which had earlier flagged significant uncertainty around generating revenue for the year, said it expects total annual revenue between $1.4 billion and $1.6 billion, relying on a timely launch of its updated COVID shot. Separately, Novavax said its COVID/flu combination shot was safe and well-tolerated in a mid-stage study, sending shares of the company up 9% before the bell. Global regulators expect COVID vaccination campaigns to be conducted once a year, similar to annual flu inoculations.  ( 38 min )

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PacWest's decision to slash its quarterly dividend sent shivers through lenders.  ( 23 min )

Walt Disney Co and Florida Governor Ron DeSantis have been embroiled in an increasingly bitter dispute, starting when the company criticized a Florida law last year, which has led to dueling lawsuits. The entertainment giant sued the Republican governor on April 26 in federal court, claiming he was "weaponizing" state government in retaliation for the company's criticism of a law that banned classroom discussion of sexuality and gender identity with younger children. The company alleged DeSantis rallied the Republican-controlled legislature to strike back at "woke Disney" and seize control of an administrative district, created in 1967, that helped Disney develop theme parks and resorts.  ( 40 min )

Iveco Group will buy full ownership of its joint venture with U.S. start-up Nikola Corp which develops battery electric and fuel cell heavy-duty trucks, the Italian truck maker said on Tuesday. With the move, Iveco loosens ties with troubled Nikola, after forming the joint venture in 2019 to help the Italian group, then part of CNH Industrial and a latecomer to electrification, catch up with large European rivals such as Daimler Truck and Volvo.  ( 39 min )

CEO Dan Schulman said the company could see high-single-digit revenue growth.  ( 22 min )

Chip gear maker Skyworks Solutions Inc's shares tumbled 9.8% in premarket trading after projecting its current-quarter revenue and earnings short of estimates. Investors were hopeful of Skyworks' earnings following Apple Inc's strong quarterly showing on Thursday, but global smartphone sales have been suffering from weak demand. Shares of other Apple suppliers including Qualcomm and Qorvo fell 0.5% and 1.6%, respectively.  ( 39 min )

The technology company's shares were set to rise almost 20% on Tuesday but Wall Street analysts see reason for caution.  ( 22 min )

House prices fell 0.3pc in April, following a 0.8pc rise in March, according to a mortgage lender Halifax.  ( 37 min )

(Bloomberg) -- Benchmark rates for oil-carrying supertankers have collapsed by three-quarters as OPEC+ follows through on a surprise vow to slash supply to shore up prices, reducing volumes shipped across the world’s oceans.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffGoldman to Pay $215 Million to End Case on Underpaying WomenTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So  ( 39 min )

(Bloomberg) -- Chinese financial stocks extended their recent rally, as traders continued to bet on policy support for state-run firms to help regain momentum in a market faced with renewed growth concerns. Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansGoldman Shells Out $215 Million to End Case on Underp  ( 38 min )

UBS said Tuesday it's bringing the CEO of Credit Suisse on to its executive board and will keep the two banks operating separately “for the foreseeable future” as it moves forward with a high-profile merger expected to close within two weeks. The two Zurich-based banks, longtime rivals, are uniting in a $3.25 billion deal hastily arranged in March by Swiss government officials and regulators after Credit Suisse’s stock plunged and jittery depositors quickly pulled out their money. “This is a pivotal moment for UBS, Credit Suisse and the entire banking industry," said UBS CEO Sergio Ermotti, who was brought back to the bank to help see the deal through.  ( 39 min )

Buffett and Munger are wary of owning bank stocks, predict pain in commercial real estate, and don't plan to acquire Occidental Petroleum.  ( 42 min )

The funds aren’t completely risk-free right now because Congress hasn’t raised or suspended the nation's roughly $31 trillion debt ceiling.  ( 22 min )

China's imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Government officials have repeatedly warned of a "severe" and "complicated" external environment in the wake of mounting recession risks for many of China's key trading partners. Analysts say cooling global growth pointed to a longer road to recovery for the Asian giant after Beijing abruptly ended tough COVID curbs in December.  ( 38 min )

NEW YORK/LONDON (Reuters) -A gauge of global equities fell on Tuesday after weak Chinese trade data sparked concerns about China's domestic demand recovery, while the impasse over the U.S. debt ceiling sparked a sharp sell-off in short-dated Treasury bills. A resumption of a slide in shares of regional banks sent the major stock indexes on Wall Street lower as markets await a meeting between President Joe Biden and top Republican lawmakers about raising the $31.4 trillion debt ceiling later in the day. Investors fear a government default if Congress fails to resolve the debt ceiling deadlock as early as June 1.  ( 40 min )

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NEW YORK (Reuters) -Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, on Monday asked a U.S. judge to throw out criminal charges against him over the now-bankrupt FTX's collapse. In a filing in Manhattan federal court, Bankman-Fried's lawyers said several of the charges failed to properly state an offense. Bankman-Fried, a 31-year-old former billionaire, has largely been confined to his parents' home since his December arrest in the Bahamas, where he had lived and where FTX was based.  ( 38 min )

(Bloomberg) -- Charles Schwab Corp. started hedging interest rate-related risk this year, according to a regulatory filing on Monday.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansMitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt ImpasseUber Really Needs Lyft to Stay in the Rideshare RaceThe c  ( 38 min )

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(Bloomberg) -- Palantir Technologies Inc. expects to be profitable every quarter this year and described demand for its new artificial intelligence products as “without precedent.” The stock climbed as much as 20% in the first minutes of extended trading Monday.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffWhy Airfares, Hotels and Cars Are Getting So Expensive for America  ( 40 min )

Despite the strong jobs numbers for April, the overall economic outlook heading toward the second half of the year remains grim. Against a backdrop of elevated interest rates and recent bank failures, the odds of a recession hitting later this year are up to 64%. It’s an environment almost tailor-made to keep investors nervous – and looking for ‘recession proof’ sectors. In a recent report from JPMorgan, analyst Bill Peterson sees just such an opening in the aluminum sector. Peterson has taken a  ( 42 min )

Het aantal webshops is voor het eerst groter dan het aantal reguliere winkels. De laatste jaren zijn er steeds meer online winkels bij gekomen, waardoor er in Nederland nu ruim 84.000 zijn. Dat zijn er 2.000 meer dan bakstenen winkels, blijkt uit cijfers van statistiekbureau CBS.  ( 4 min )

De aandeelhouders van Philips zijn niet blij met de manier waarop het medisch technologiebedrijf vorig jaar gerund werd. Tijdens de jaarvergadering stemde een grote meerderheid tegen het verlenen van decharge. Dat betekent dat de aandeelhouders de bestuurders verantwoordelijk houden voor het beleid dat vorig jaar gevoerd werd.  ( 3 min )

Budgetvlieger Ryanair heeft bij Boeing 150 vliegtuigen besteld, met een aanvullende optie voor nog eens 150 toestellen. Het is de grootste order die Ryanair ooit heeft geplaatst.  ( 3 min )

De drieduizend werknemers in de distributiecentra van Albert Heijn krijgen een loonsverhoging van 10 procent. Na dagenlange stakingen zijn de supermarktketen en de vakbonden dinsdag tot een nieuwe cao gekomen.  ( 3 min )

Autofabriek VDL Nedcar in Born ligt ook woensdag en donderdag stil. Het personeel zal nog eens twee dagen staken, omdat de vakbonden nog geen reactie van de bedrijfsdirectie hebben gekregen.  ( 3 min )

Personeel van Britse bedrijven zou op feestjes en borrels minder alcohol moeten drinken. Dit moet ongepast gedrag en intimidatie bij zulke bijeenkomsten voorkomen, schrijft BBC News op basis van een onderzoek.  ( 3 min )

De Amerikaanse zakenbank Goldman Sachs heeft in een langlopende rechtszaak over de ongelijke betaling van mannen en vrouwen een schikking van 215 miljoen dollar (196 miljoen euro) getroffen. Maar liefst 2.800 vrouwelijke medewerkers hadden een zaak aangespannen vanwege systematische onderbetaling.  ( 3 min )

Woonkracht10 heeft cybercriminelen losgeld betaald na een aanval die eind april plaatsvond. De Zwijndrechtse woningcorporatie heeft afspraken gemaakt met de aanvallers om te zorgen dat ze gestolen data verwijderen.  ( 3 min )

Autofabriek VDL Nedcar in Born ligt ook woensdag en donderdag stil. Het personeel zal nog eens twee dagen staken, omdat de vakbonden nog geen reactie van de bedrijfsdirectie hebben gekregen.  ( 3 min )

Nintendo verkocht in het afgelopen jaar bijna achttien miljoen Switch-spelcomputers. Dat zijn er 22 procent minder dan een jaar eerder. Eerder wees Nintendo op chiptekorten, maar ook de populariteit van de Switch is tanende.  ( 3 min )

Europese toezichthouders zijn steeds kritischer op investeringen door Chinese bedrijven. Zo zijn diverse overnames in de techsector en de infrastructuur vorig jaar geblokkeerd. Daardoor is het totaalbedrag aan Chinese investeringen gedaald tot het laagste punt in bijna tien jaar.  ( 4 min )

De Amerikaanse zakenbank Goldman Sachs heeft in een langlopende rechtszaak over de ongelijke betaling van mannen en vrouwen een schikking van 215 miljoen dollar (196 miljoen euro) getroffen. Maar liefst 2.800 vrouwelijke medewerkers hadden een zaak aangespannen vanwege systematische onderbetaling.  ( 3 min )

Twitter gaat accounts die al meerdere jaren niet zijn gebruikt opruimen. Door deze maatregel zullen veel twitteraars volgers kwijtraken.  ( 3 min )

Personeel van Britse bedrijven zou op feestjes en borrels minder alcohol moeten drinken. Dit moet ongepast gedrag en intimidatie bij zulke bijeenkomsten voorkomen, schrijft BBC News op basis van een onderzoek.  ( 3 min )

DSM en het Zwitserse Firmenich zullen definitief samensmelten tot één bedrijf. Daarmee komt er een einde aan het zelfstandige Nederlandse chemiebedrijf dat is voortgekomen uit De Nederlandse Staatsmijnen.  ( 4 min )

Tesla bouwt een eigen fabriek die lithium gaat produceren. De autofabrikant trekt 375 miljoen dollar (341 miljoen euro) uit voor de fabriek, die in de Amerikaanse staat Texas komt te staan.  ( 3 min )

Twitter gaat accounts die al meerdere jaren niet zijn gebruikt opruimen. Door deze maatregel zullen veel twitteraars volgers kwijtraken.  ( 3 min )

LinkedIn gaat 716 banen schrappen. Dat komt neer op 3,5 procent van het totale personeelsbestand. Het zakelijke sociale netwerk verwacht een zwakkere economische groei en wil daarom kosten besparen.  ( 3 min )

Met nieuwe binnenkomer Negin Mirsalehi telt Quote's lijst van de rijkste jonge selfmade miljonairs dit jaar vier in plaats van drie vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar zijn dezelfde drie mannen als vorig jaar.  ( 3 min )

Met nieuwe binnenkomer Negin Mirsalehi telt Quote's lijst van de rijkste jonge selfmade miljonairs dit jaar vier in plaats van drie vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar zijn dezelfde drie mannen als vorig jaar.  ( 3 min )

Netbeheerder Stedin wil dat provincies miljoenen euro's gaan investeren in een uitbreiding van het stroomnet in hun regio. In ruil daarvoor zouden ze dan een aandeel in de netbeheerder krijgen.  ( 3 min )

Het landbouwakkoord laat voorlopig op zich wachten. Ondanks een ultimatum van boerenlobbyorganisatie LTO ligt er deze week hoogstwaarschijnlijk zelfs nog geen definitieve tekst van een onderhandelingsakkoord. LTO wijst de concepttekst af, laat zij maandag weten.  ( 5 min )

Met nieuwe binnenkomers Negin Mirsalehi (foto) en Roemie Hillenaar telt Quote's lijst van rijkste jonge selfmade miljonairs dit jaar drie in plaats van vijf vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar, zijn dezelfde drie mannen als vorig jaar.  ( 3 min )

Goldman Sachs, Deloitte, Cboe Global Markets, Microsoft (MSFT) and fintech firm Digital Asset have teamed up to create a blockchain network for institutional crypto assets.  ( 1 min )

President Biden will meet with Congressional leaders to try and resolve raising the nation's debt limit to avoid default. Here’s what investors need to know today.  ( 1 min )

U.S. equities indexes were little changed on Monday, May 8, 2023, with crucial reports on inflation expected later in the week.  ( 1 min )

Day trading involves making dozens of trades in a single day, while swing trading involves holding positions over a period of days or weeks.  ( 24 min )

Advisors can help clients experiencing grief by following these five tips.  ( 24 min )

Retired securities have been repurchased by the issuer out of the company's retained earnings and canceled.  ( 18 min )

U.S. equities indexes were little changed on Monday, May 8, 2023, with crucial reports on inflation expected later in the week.  ( 16 min )

Personal loan rates eased slightly for a second week, lowering the overall average by seven basis points.  ( 17 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Disney tops the box office and the Dow with Guardians of the Galaxy, but bad press helped push 3M lower.  ( 17 min )

Savings account rates have already risen to record levels over the past 14 months, but will the Fed's latest announcement bump them higher, or cause them to plateau?  ( 19 min )

Here's why it can be difficult to determine the risk to a company's EPS and financial condition resulting from an underfunded pension plan.  ( 20 min )

A chip-and-signature card is a type of credit card that encodes its information in a magnetic stripe as well as a square microchip.  ( 19 min )

Under a new proposal, airlines would have to pay for stranded travelers' expenses if the companies aren’t able to prevent some delays and cancellations.  ( 17 min )

Fed's Loan Officer Survey Shows Credit Will Get Tighter in Coming Months  ( 17 min )

The Thrift Institutions Advisory Council advised the Federal Reserve Board of Governors on the various needs and conditions of nonbank savings institutions.  ( 19 min )

With Walmart leading the pack, these are the 10 biggest retail companies by 12-month trailing revenue.  ( 22 min )

A guardian is an individual who has been given the legal responsibility to care for a child or an adult who does not have the capacity for self-care.  ( 20 min )

The year to date returns for XOP, VDE, IYE, XLE, and LIT make them the best performing ETFs of 2021.  ( 24 min )

Berkshire Hathaway is a holding company for a multitude of businesses run by chair and CEO Warren Buffett.  ( 23 min )

Check out the current Bread Savings CD rates and see how they compare to the competition. Maximize your savings with flexible and secure CD investments at Bread.  ( 19 min )

A home equity line of credit (HELOC) is a line of credit secured by equity you have in your home.  ( 23 min )

President Joe Biden will meet with top Republican lawmakers at the White House on Tuesday in a showdown over the debt ceiling that is a uniquely American phenomenon.  ( 17 min )

The rule of 55 allows certain workers to withdraw money early from employer-sponsored retirement accounts without triggering a tax penalty.  ( 23 min )

Southwestern Energy, Black Stone Minerals, and TORM are top for best value, fastest growth, and most momentum, respectively.  ( 20 min )

A value stock is a stock that tends to trade at a lower price relative to its fundamentals, making it appealing to value investors.  ( 27 min )

A double top is an extremely bearish technical reversal pattern that forms after a stock makes two consecutive peaks.  ( 26 min )

Learn about the marginal cost of production and marginal revenue and how the two measures are used together to determine the profit maximization point.  ( 25 min )

This week’s cryptocurrencies to keep an eye on are Pepe (PEPE), FLOKI (FLOKI), Stacks (STX), WOO Network (WOO), and TRON (TRX).  ( 20 min )

The Dow Jones Transportation Average is a price-weighted average of 20 transportation stocks traded in the United States.  ( 19 min )

A futures strip is the buying or selling of futures contracts in sequential delivery months traded as a single transaction.  ( 18 min )

It’s no surprise, sticky high inflation, rising rates, recession fears and more bank failures have spiked investor cautiousness to the highest levels seen this year, according to Investopedia’s latest survey of daily newsletter readers.  ( 18 min )

Hyperledger is an open-source umbrella project that offers tools for developing and using blockchain systems and applications across industry sectors.  ( 19 min )

Top video game stocks this quarter include NVIDIA Corp., Inspired Entertainment Inc., and SciPlay Corp., all of which have risen more than 25% in the last 12 months while rising interest rates have weighed on the broader market.  ( 20 min )

With JinkoSolar Holding Co. leading the pack, these are the 10 biggest solar companies by 12-month trailing revenue.  ( 23 min )

Borrowers must pay up-front and annual mortgage insurance premiums on HECM reverse mortgages, but the insurance provides several consumer protections.  ( 23 min )

Though most investors use standard deviation to determine volatility, there's an easier and more accurate way of doing it: the historical method.  ( 22 min )

Learn about the SPY ETF (SPDR S&P 500 ETF Trust), its characteristics, and the suitability of investing in the fund.  ( 24 min )

Robinhood's net losses are predicted to widen to $484 million as monthly active users falls by a quarter amid inflation, interest rate hikes, and falling asset prices.  ( 18 min )

The minimum wage is a legally mandated price floor on hourly wages, below which nonexempt workers may not be offered a job or agree to work.  ( 28 min )

The Express steamed down to Rio de Janeiro for a quick trip to discover a city trying to transform itself into Latin America's tech capital, and change the course of Brazil's economic future. From the first Web Summit held in Latin America, we spoke with Gabriela Goncalves of Nilla Capital, and Marcos Casarin of Oxford Economics about Brazil's economy today, where it's headed, and the opportunities for investors and innovation. Plus, the latest results from our sentiment survey tell us investors are as scared as we've been all year. What's bugging us, and what are we doing about it?  ( 18 min )

Rates on most mortgages types climbed higher, in many cases by double digits. Among the gainers were jumbo 30-year loans, whose rate average hit a two-month high.  ( 18 min )

An adjusted premium is the premium of a life insurance policy that is adjusted by amortizing the costs associated with acquiring the insurance policy.  ( 19 min )

Federal data is expected to show a slower pace of bank lending and the White House is looking at a proposal to make airline compensate travelers for avoidable delays. Here’s what investors need to know today.  ( 17 min )

Disney is projected to report strong earnings growth for the latest quarter as its streaming services gain more subscribers, led by its flagship Disney+ service.  ( 18 min )

Your debt-to-income ratio shows how much of your money goes to paying debts. It helps lenders decide whether to loan you money. Learn how it works and how to improve it.  ( 25 min )

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(Bloomberg) -- When March’s bank failures ignited a historic bond rally, few, if any, made more money than Josh Barrickman.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansMitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt ImpasseUber Really Needs Lyft to Stay in the Rideshare RaceHis army of fun  ( 41 min )

Skyworks Solutions Inc (NASDAQ: SWKS) shares are falling after it reported second-quarter earnings, with sales meeting expectations and earnings missing estimates. The company also guided for the next quarter. Skyworks reported adjusted EPS of $2.02, missing estimates of $2.03 per share. However, the company's sales for the quarter came in at $1.15 billion against analyst estimates of $1.15 billion. The company generated second-quarter operating cash flow of $411.7 million. In other key achievem  ( 38 min )

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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

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(Bloomberg) -- Apple Inc. tapped the US blue-chip bond market Monday as a flood of borrowers raise cash ahead of key inflation readings later this week.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansGoldman Shells Out $215 Million to End Case on Underpaying WomenMitch McConnell Warns He Has No ‘Secret Plan  ( 39 min )

Exxon Mobil Corp (NASDAQ: XOM) shares gained Monday as Goldman Sachs Group, Inc (NYSE: GS) reiterated its forecast for Brent prices at $95 by December 2023 and $100 for April 2024 despite the sharp declines in oil prices lately. The firm predicts that supply deficits will likely surge in the second half of the year. The current selloff was driven mainly by recessionary fears about demand, the U.S. banking crisis, and reports about increased oil production in Russia, Iran, and other OPEC nations.  ( 38 min )

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The analytics software company Palantir posted a second straight quarter of GAAP profits. As for AI efforts, CEO Alex Karp says: “The machine must remain subordinate to its creator."  ( 22 min )

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While a cost-of-living crisis has now begun to squeeze budgets, particularly of lower income households, consumer spending has remained remarkably steady in the face of a looming economic slowdown. The upbeat forecast echoes expectations of card giants Visa and Mastercard that have remained largely upbeat about spending volumes on pent-up travel demand and resilient consumer spending. The company said it now expects full-year adjusted profit to grow about 20% to $4.95 per share, above analysts' average estimate of $4.88 per share, according to Refinitiv IBES data.  ( 39 min )

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Shale oil producer Devon Energy on Monday topped Wall Street estimates for first-quarter profit on high demand for crude oil, and raised its share repurchase program by 50% to $3 billion. Energy companies have started boosting investor returns since last year with the excess cash they generated aided by higher crude prices. While crude price fell during the first quarter, nearly 20% lower compared to last year when prices soared to multi-year peaks following Russia's invasion of Ukraine, they were still high enough for producers to remain profitable.  ( 38 min )

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Volume was 21.4% lower in April, while the overall figure for parent Anheuser-Busch fell 12.5 % in the month, according to Beer Business Daily.  ( 22 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) shares gained on Monday as reports claimed Microsoft Corp (NASDAQ: MSFT) denied a partnership with the chipmaker for its Athena artificial intelligence chip. Reportedly, Frank Shaw, a Microsoft spokesman, denied that AMD is part of Athena. "AMD is a great partner," he said. "However, they are not involved in Athena." Also, separate reports suggested that U.S. sanctions compelled the Chinese firms, including Alibaba Group Holding Limited (NASDAQ: BABA), B  ( 38 min )

TD agreed to buy First Horizon in February 2022 in a deal that would have created the sixth-largest U.S. lender. The banks said they expected to complete the transaction by January.  ( 40 min )

The market is being buffeted by conflicting headwinds, making the pundits’ job harder. While inflation appears to be moderating, with the annualized rate down to 5% in March – the lowest since the summer of 2021 – the job market remains surprisingly robust. Last month, the BLS reported 253,000 new jobs, exceeding the predicted 180K, and an unemployment rate of just 3.4% compared to a forecast of 3.6%. The robust job numbers present a challenge for the Federal Reserve, which is tasked with managi  ( 42 min )

(Bloomberg) -- Occidental Petroleum Corp. began buying back Berkshire Hathaway Inc.’s $10 billion of preferred stock, four years after Warren Buffett’s firm made the investment during the oil producer’s takeover of Anadarko Petroleum Corp. Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansGoldman Shells Out $  ( 39 min )

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Toronto-Dominion Bank’s handling of suspicious customer transactions was behind regulators’ refusal to bless the Canadian lender’s $13.4 billion bid to buy First Horizon, people familiar with the matter said.  ( 29 min )

US Treasury secretary Janet Yellen has warned that a failure by Congress to raise the debt ceiling in the coming weeks could lead to a “constitutional crisis.” According to Yellen, who made the comments during a May 7 appearance on ABC News’s This Week, the US could run out of cash as early as June 1.  ( 39 min )

Microsoft Corp (NASDAQ: MSFT) shares are trading lower on Monday for no company-specific news. The stock is up 30% YTD, signaling an upside from the ChatGPT frenzy. In 2023, Microsoft launched its AI-powered search engine, Bing AI, building on its partnership with OpenAI, intensifying rivalry with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google. Also Read: Microsoft's Premium ChatGPT Service Set to Supercharge Azure Growth: Analyst Predicts Even Wider Lead Over AWS Reports in April suggested  ( 38 min )

(Bloomberg) -- Expectations among US stock investors that the worst of pressures may have passed will likely be proven wrong as recession risk still looms, according to JPMorgan Chase & Co.’s Marko Kolanovic.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollWhy Airfares, Hotel  ( 39 min )

(Bloomberg) -- Bill Gross, the former chief investment officer of Pacific Investment Management Co., recommended buying short-term Treasury bills, expecting the debt-ceiling issue eventually gets resolved. Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollWhy Airfares, Hotels  ( 37 min )

Stifel Market Strategist Barry Bannister says an environment friendly to growth and value stocks could seed an index rally in the second and third quarters.  ( 22 min )

JPMorgan Chase fired Charlie Javice in November 2022. Now the bank must pay her legal fees, according to a Delaware Chancery Court ruling.  ( 41 min )

Mortgage fees are changing under the new rules from the Biden administration’s Federal Housing Finance Agency. Because some borrowers with good credit may end up paying higher fees compared to those with lower credit scores, the change has sparked a discussion. Among the critics is Peter Schiff, CEO and chief global strategist at Euro Pacific Capital. During an interview posted on Schiff’s YouTube channel, the host shared his intention to buy a home but voiced concerns about getting punished if  ( 39 min )

The Berkshire Hathaway investors shared their wisdom at the company's annual shareholder meeting—including how to succeed in life and avoid mistakes.  ( 40 min )

Lucid Motors will release Q1 earnings after the bell on Monday, a crucial report for the pure play electric vehicle maker looking to assuage investor concerns about production, and profitability.  ( 39 min )

The oil company is starting to rid itself of a source of high-cost financing, but Warren Buffett's company is likely to continue to benefit from it for years.  ( 22 min )

Stifel sees upside for the S&P 500 as earnings continue to beat estimates.  ( 40 min )

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The cloud-security company said it expects revenue for its third fiscal quarter to be higher than it had forecast.  ( 22 min )

The California woman suing Subway for claiming its tuna products contain ingredients other than tuna wants to end her lawsuit because she is pregnant, prompting Subway to demand her lawyers be sanctioned for bringing a frivolous case. Nilima Amin said her "severe" morning sickness and "debilitating" conditions as she prepares for a third child have left her "unable to proceed with the obligations as plaintiff," and require her to focus on her health and family. In a May 4 filing, Subway said Amin's excuse flunked the "straight-face" test, and her lawyers likely realized it would not "simply pay the windfall settlement that they hoped to get by constructing a high-profile shakedown."  ( 38 min )

With JinkoSolar Holding Co. leading the pack, these are the 10 biggest solar companies by 12-month trailing revenue.  ( 23 min )

(Bloomberg) -- JPMorgan Chase & Co. must pay Frank founder Charlie Javice’s defense costs in its suit accusing her of defrauding in its $175 million acquisition of her college-loan-planning site.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollSingapore’s Soaring Rents Are Be  ( 39 min )

Catalent Inc (NASDAQ: CTLT) will be delaying the release of its third fiscal quarter results and investor conference call, previously scheduled for Tuesday, May 9, 2023. The company expects to file its Quarterly Report on Form 10-Q on May 15, 2023. In April, Catalent reported productivity challenges and higher-than-expected costs at its drug product and drug substance manufacturing facilities in Bloomington, Indiana, and Brussels, Belgium. Life-sciences company Danaher Corporation (NYSE: DHR) al  ( 38 min )

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The Berkshire Hathaway CEO is renowned for his stock-picking, but right now his favorite investment appears to be cash.  ( 22 min )

A 5%T-bill is pretty attractive when equities appear expensive.  ( 22 min )

Sea Limited (NYSE: SE) shares gained on Monday over reports of a pay boost. Sea's founder declared a 5% pay hike for most employees starting July, signaling a turnaround for the e-commerce and gaming business after years of bleeding losses. Workers who joined on or before March 31 will get the salary bump, Bloomberg cites Forrest Li's internal memo. He said Sea has reached "self-sufficiency" as its cash balance is increasing rather than shrinking every quarter, months ahead of a target set last  ( 38 min )

Catalent anticipates a significant reduction to both its fiscal 2023 revenue and adjusted earnings before interest, taxes, depreciation and amortization guidance.  ( 22 min )

The Tesla CEO was one of the many topics that came up at Berkshire Hathaway's annual meeting of shareholders in Omaha on Saturday.  ( 22 min )

Every investor would naturally like to see the stocks that make up their portfolio show a consistent upward curve, but that, as everyone learns eventually, is just not the way it works. Peaks and troughs are part of the investing game, and even the stock market kings go through periods of serous pullbacks for one reason or another, be it macro developments or some news item that spooked investors. And every so often, despite sound fundamentals, the pendulum swings too far into negative terrain,  ( 41 min )

A buyout consortium comprising Warburg Pincus and Advent International is in advanced talks to acquire Baxter International Inc's (NYSE: BAX) biopharma solutions business. BioPharma Solutions offers contract manufacturing services to the pharma and biotech industries. The deal value could reach or exceed $4 billion. Warburg Pincus and Advent have submitted the most attractive offer to Baxter in an auction that drew interest from other private equity firms and major players, including Thermo Fish  ( 39 min )

The meat processor swung to a loss as it grappled with higher costs and flat revenue. Shares declined more than 10%.  ( 25 min )

I'm holding $300,000 in cash that I plan to put into a new home. With the market as it is, I'm putting off that purchase for six to nine months. I'm 66 years old, single and plan to retire within … Continue reading → The post Ask An Advisor: Where Should I Stash Short-Term Savings? appeared first on SmartAsset Blog.  ( 40 min )

A part-time job is like temporarily having a bigger nest egg while splurging on that luxury SUV will lower your spending for your entire retirement.  ( 36 min )

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Potential homeowners may feel left in the dust with recent increases in costs and interest rates. But with the right combination of factors in some U.S. cities, the costs of homeownership may actually be less than the cost of renting, … Continue reading → The post Buy vs. Rent: A Comparison of Housing Costs in U.S. Cities – 2023 Study appeared first on SmartAsset Blog.  ( 40 min )

The number of tokens the regulator has labeled as securities almost tripled in 2022.  ( 25 min )

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(Bloomberg) -- Weight loss brand Jenny Craig has begun liquidating its operations in the US after efforts to ease a cash crunch fell short. Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresJenny C Holdings LLC an  ( 38 min )

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PepsiCo hires 2,000 U.S. graduates every year, says its CHRO.  ( 39 min )

The Springdale, Ark.-based company posted a loss of $97 million in the period ended April 1, compared with net income of $829 million a year earlier.  ( 26 min )

BioNTech's first-quarter revenue falls from a year earlier as demand for Covid-19 vaccines wanes but still tops analysts' estimates.  ( 26 min )

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Anheuser-Busch InBev is planning to help distributors feeling the sting of the controversy involving the beer giant's promotional effort with transgender activist Dylan Mulvaney.  ( 40 min )

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First-quarter earnings at the satellite and streaming video provider hit expectations but it lost more pay-TV subscribers than analysts had expected.  ( 22 min )

The major averages were little changed on Monday morning while regional banks extended their rally.  ( 39 min )

The meat giant posts an adjusted loss of 4 cents a share in its fiscal second quarter, while analysts were expecting earnings of 79 cents.  ( 22 min )

Bitcoin, Ether fell in Monday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Polkadot and XRP led the losers in that list.  ( 39 min )

(Bloomberg) -- Tyson Foods Inc. cut its outlook for meat sales this year as consumers switch to cheaper foods due to inflation.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresThe biggest US meat company in a Mon  ( 38 min )

Stocks might be under pressure even if the U.S. economy avoids a downturn.  ( 26 min )

(Bloomberg) -- Softer US macroeconomic data suggest that earnings trends will weaken in coming months, contrary to the expectations of most analysts, according to Morgan Stanley’s Michael Wilson, a staunch Wall Street bear.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuff  ( 39 min )

Debt limit concern, Buffett shares investing advice, and other news to start your day.  ( 25 min )

Disney is projected to report strong earnings growth for the latest quarter as its streaming services gain more subscribers, led by its flagship Disney+ service.  ( 19 min )

The European companies’ energy traders generate huge profits, but investors are mostly in the dark.  ( 25 min )

Oil-and-gas companies boost shareholder returns and keep funds for when the boom goes bust.  ( 27 min )

Warren Buffett tamps down speculation that Berkshire Hathaway, which owns 24% of Occidental Petroleum, wants to buy the entire company, while PacWest shares surge after the regional lender says it's reducing its dividend.  ( 23 min )

Attendees at Berkshire Hathaway's annual meeting aimed to get a glimpse of Greg Abel, the conglomerate's designated CEO successor.  ( 40 min )

(Bloomberg) -- Shares in Occidental Petroleum Corp. dropped in premarket trading after Warren Buffett said Berkshire Hathaway Inc. won’t make an offer for full control of the energy group, tempering speculation he was seeking to own the company after spending months snapping up its shares.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel  ( 39 min )

(Bloomberg) -- PacWest Bancorp rose as much as 16% in premarket trading Monday, extending Friday’s brisk rebound and leading gains in US regional banks, after it slashed its quarterly dividend and said business remains “sound.”Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresPowell’s Bet Against  ( 39 min )

(Bloomberg) -- Investors should brace for months of market readjustments overshadowed by the threat of a new “financial accident,” according to Allianz chief economist Ludovic Subran.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresPowell’s Bet Against Recession Looks Good — Minus the Credit Crun  ( 39 min )

(Bloomberg) -- The rally in Chinese financial shares intensified on Monday, with some banks posting their biggest single-day gains since the country’s 2015 equity bubble after more lenders cut their deposit rates and further progress on state-owned enterprise reform boosted investor sentiment.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Tru  ( 38 min )

Warren Buffett addressed the banking turmoil, prospects for large acquisitions, and his hand-picked successor Greg Abel.  ( 22 min )

(Bloomberg) -- Oil edged higher as investors assessed a complex outlook for global crude demand after a period of volatile trading and the dollar eased.West Texas Intermediate rose toward $72 a barrel after surging by more than 4% on Friday, when futures pared a steep weekly loss. While fears of a US recession and bank failures have rattled markets recently, pushing crude to the lowest intraday level since late 2021, physical demand signals suggest at least some of the recent weakness in prices  ( 39 min )

By Vlad Schepkov  ( 39 min )

The window of opportunity to hammer out a deal is closing. Bond markets have jitters.  ( 22 min )

Airfares and hotel room rates are soaring as the market for international trips booms. Several companies stand to benefit in a big way.  ( 32 min )

(Bloomberg) -- Hedge funds supercharged bearish Treasury bets to historic levels just days before the US banking turmoil took a turn for the worse and spurred a stampede for the world’s safest assets.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Trump as His Approval Rating Hits L  ( 38 min )

(Bloomberg) -- Binance, the largest crypto exchange, temporarily paused withdrawals of Bitcoin for the second time in less than 12 hours, citing congestion on the token’s network.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignFootball Stadiums Belong in the SuburbsKimora Lee Says $93 Million US Wants From Tim Leissner Is HersThe ste  ( 37 min )

(Bloomberg) -- The Chinese economy’s debt ratio reached a record high in the first quarter of the year, with bank loans to companies surging as the nation reopened from Covid Zero.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Trump as His Approval Rating Hits Low in ABC Poll‘We Just Want Someone Sane’: What Happens When a Small Town Goes MAG  ( 38 min )

(Bloomberg) -- Sea Ltd. said it is giving most employees a 5% pay increase after turning profitable, a milestone for the Singapore e-commerce and gaming company that slashed costs drastically during the technology industry’s downturn.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignFootball Stadiums Belong in the SuburbsKimora Lee Say  ( 38 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Disney tops the box office and the Dow with Guardians of the Galaxy, but bad press helped push 3M lower.  ( 1 min )

Federal data is expected to show a slower pace of bank lending and the White House is looking at a proposal to make airline compensate travelers for avoidable delays. Here’s what investors need to know today.  ( 1 min )